TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) - Late today, VenGrowth & Covington announced that they will not proceed with the previously announced sale of the VenGrowth Fund assets to Covington Fund II. The decision follows a request by the OSC for new votes by VenGrowth Funds shareholders with full disclosure of original manager-to-manager arrangements associated with the proposed transaction.