Mavrix Fund Management Inc. has completed the rollover of the Mavrix Resource Fund 2004 Limited Partnership into the Mavrix Multi Series Fund Ltd.-Explorer Series and the Mavrix Resource Fund-II Limited Partnership into the Mavrix Multi Series Fund Ltd.-Explorer Series.

As at the March 17 rollover date, the net asset value of the Mavrix Resource Fund 2004 LP was $10.1772 per unit representing an estimated total after tax return of 61% for an Ontario investor who is an individual taxed at the highest marginal rate based on the estimated after tax purchase cost of the LP. Each investor in the Mavrix Resource Fund 2004 LP received 0.879617 shares of the Mavrix Multi Series Fund Ltd.-Explorer Series for each LP unit held on a tax-deferred basis.

As at the rollover date, the net asset value of the Mavrix Resource Fund 2004-II LP was $8.8245 per unit representing an estimated total after tax return of 40% for an Ontario investor who is an individual taxed at the highest marginal rate based on the estimated after tax purchase cost of the LP. Each investor in the Mavrix Resource Fund 2004-II LP received 0.762702 shares of the Mavrix Multi Series Fund Ltd.-Explorer Series for each LP unit held on a tax-deferred basis.

Mavrix Multi Series Fund-Explorer Series is a class of redeemable shares of the Mavrix Multi Series Fund Ltd., a multi class mutual fund corporation. The fund’s primary investment objective is to seek long-term capital growth by investing in a diversified portfolio of Canadian resource issuers. The fund invests solely in the Mavrix Explorer Fund that pursues the same investment objective mandate.

Mavrix also offers three other share classes, the Mavrix Multi Series Fund Ltd.-Canadian Equity Series, Mavrix Multi Series Fund Ltd.-Income Series and Mavrix Multi Series Fund Ltd. Short Term Income Series. The four classes provide investors the opportunity for further investment diversification and switches between classes are tax deferred.