Mavrix Fund Management Inc. today announced the second closing of the sale of limited partnership units of Mavrix Explore 2008-II FT Limited Partnership. Gross proceeds raised to date have been $10.16 million. The final closing is scheduled to occur on Nov. 20.
Mavrix says the LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada. The maximum size of the offering is $50 million.
Mavrix is the manager and portfolio advisor of the LP.
The syndicate is being led by Canaccord CapitalCorp. with other syndicate members including CIBC World Markets Inc., Dundee SecuritiesCorp., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Blackmont Capital Inc., M Partners Inc., Raymond James Ltd., Wellington West Capital Inc., Argosy Securities Inc., Desjardins Securities Inc., MGI Securities Inc., and Research CapitalCorp.
Mavrix Explore 2008-II FT LP offering raises $10.2 million to date
- By: IE Staff
- October 30, 2008 October 30, 2008
- 12:10
IE Staff