Mavrix Fund Management Inc. today announced the final closing of the Mavrix Explore Quebec 2006 FT Limited Partnership.

At total of 1,346,170 units were sold for proceeds of $13,461,700.

Mavrix Fund Management Inc., as manager of the LP, intends to invest the funds raised in flow-through shares primarily in Quebec’s burgeoning mining sector as well as oil and gas exploration development companies that offer growth potential and to provide Limited Partners the ability to claim certain 2006 tax deductions.

Mavrix has been the manager of nine prior resource flow-through limited partnerships, including this LP, that have raised over $255 million in proceeds.

The initial public offering was led by Desjardins Securities Inc. and TD Securities Inc. Other syndicate members include Scotia Capital Inc., Canaccord Capital Corp., Dundee Securities Corp., Berkshire Securities Inc., and Laurentian Bank Securities.