Business News • MarketWire • Mavrix Fund Management Inc. is Pleased to Announce the Initial Closing for the Mavrix Explore 2010-I FT Limited Partnership |
Mavrix Fund Management Inc. is Pleased to Announce the Initial Closing for the Mavrix Explore 2010-I FT Limited Partnership |
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Mavrix Fund Management Inc. is Pleased to Announce the Initial Closing for the Mavrix Explore 2010-I FT Limited Partnership
TORONTO, ONTARIO--(Marketwire - April 30, 2010) - Mavrix Fund Management Inc. ("Mavrix") is pleased to announce the initial closing of the sale of limited partnership units of the Mavrix Explore 2010-I FT Limited Partnership (the "Partnership"). Gross proceeds raised were $7.36 million. The Partnership will primarily invest in flow-through shares of resource issuers engaged in mineral or oil and gas exploration in Canada, with a view to maximizing the tax benefit of an investment in the Partnership's units, preserving capital and achieving capital appreciation for limited partners. The Partnership intends to focus on companies in the intermediate and junior resource sector with advanced exploration programs. The maximum size of the offering is $50,000,000. The next closing of the offering is expected to occur on or about May 31, 2010.
View More : http://www.marketwire.com/mw/release.do?id=1156881&sourceType=3
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