Mavrix Fund Management Inc. today announced the final closing of the Mavrix Explore 2008-I FT Limited Partnership. Gross Proceeds raised were $31.98 million.

The LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada.

Mavrix is the manager and portfolio advisor of the LP.

The LP initial public offering was led by Canaccord Capital Corp. with other syndicate members including CIBC World Markets Inc., Dundee Securities Corp., BMO Nesbitt Burns Inc., Scotia Capital Inc., Blackmont Capital Inc., IPC Securities Corp., Raymond James Ltd., Wellington West Capital Inc., Argosy Securities Inc., Bieber Securities Inc., Desjardins Securities Inc., GMP Securities L.P., Industrial Alliance Securities Inc., MGI Securities Inc., and Research Capital Corp.