Mavrix Fund Management Inc. today announce the second closing of the Mavrix Explore 2007-I FT Limited Partnership. Gross Proceeds to date are $41.5 million.

The Limited Partnership will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada. The final closing is scheduled for April 25.

Mavrix Fund Management Inc. has been the manager of 10 prior resource flow-through limited partnerships that raised over $250 million in proceeds.

The maximum size of the offering is $100 million and is being led by Dundee Securities Corporation, CIBC World Markets Inc., and TD Securities Inc. Other syndicate members include Canaccord Capital Corporation, Scotia Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc., Raymond James Ltd., Wellington West Capital Inc., HSBC Securities (Canada) Inc., IPC Securities Corporation, Bieber Securities Inc., Desjardins Securities Inc., Union Securities Ltd., MGI Securities Inc., Argosy Securities Inc., Industrial Alliance Securities Inc., and Laurentian Bank Securities Inc.