TORONTO - Global Growth Assets Inc. is acquiring the MineralFields Group, which specializes in arranging tax-advantaged investments to fund mineral and energy exploration.

Financial terms weren't disclosed by the companies.

MineralFields, which has offices in Toronto, Vancouver, Montreal and Calgary, arranges flow-through limited partnerships under the Pathway, MineralFields and EnergyFields brands.

Flow-through investments provide investors with the opportunity to use tax credits earned for eligible resource exploration. Companies that aren't profitable can sell flow-through units that investors can use to reduce their income taxes.

Global Growth chairman and CEO Sam Bouji says the acquisition of MineralFields will "position Global for future growth."

GlobalGrowth offers a variety of investment products for Canadians, including registered education and retirement savings plans, life and disability insurance, mutual funds and tax-advantaged investments.