Mavrix Fund Management Inc. announced on Friday the appointment of the Independent Review Committee for its mutual funds and limited partnerships in accordance with national securities regulations requiring independent review committees for public investment funds.

The IRC will implement the requirements of National Instrument 81-107 to be fully compliant with the new regulation.

The IRC for Mavrix is comprised of three members, all of whom are
independent of Mavrix Fund Management Inc. and its affiliates. Their tenures on the committee range from one year to three years. The members are: David Scollard, committee chairman, D. R. (Bob) Heimler and Jeffrey Hand.