Monday, March 15, 2010

Mavrix Fund Management Inc.("Mavrix") Repaying 8% Convertible Debentures.

The Exchange has been informed that effective March 15, 2010, Mavrix will redeem all of its 8% Convertible Unsecured Subordinated Debentures with an aggregate principal amount of $3,050,000.  As of today, holders of the Debentures will be entitled for each $1,000 principal amount held, to receive the $1,000 principal amount together with $16.22 in accrued interest.  As a result, MVX.DB will be delisted at the close today.

Holders of the Debentures should contact David Balsdon (416 365-4201 or dbalsdon@mavrixfunds.com) of Mavrix Fund Management Inc. for details on the redemption procedure.  The redemption was announced via a press release dated February 11, 2010.

Effective Date: Market close, Monday, March 15, 2010
Symbol: MVX.DB
CUSIP: 57772AAA1

If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: radhika@cnsx.ca