/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER
UNITED STATES WIRE SERVICES./
TORONTO, Aug. 27 /CNW/ - Faircourt Asset Management Inc, as Manager for
the Faircourt Resource Fund is pleased to announce the exchange ratios related
to merging the 5 existing CSCRF and Faircourt CSCRF Flow-Through Limited
Partnerships. The merging funds are Canadian Small Cap Resource Fund 2006 No.1
Limited Partnership, Canadian Small Cap Resource Fund 2006 No.2 Limited
Partnership, Canadian Small Cap Resource Fund 2007 No.1 Limited Partnership,
Canadian Small Cap Resource Fund 2007 No.2 Limited Partnership, and
Faircourt-CSCRF 2008 No.1 Limited Partnership.
The merger was approved by unitholders of each of the funds on June 19,
2009, and will be given an effective date of June 29, 2009.
Unitholders of each of the funds will receive units of the Faircourt
Resource Fund Limited Partnership based on the NAV's of each of the funds. The
ratio of the number of units of the existing funds that will be exchanged for
each unit of the Faircourt Resource Fund Limited Partnership are as follows;
Canadian Small Cap Resource Fund 2006 No.1 Limited Partnership 0.60956
Canadian Small Cap Resource Fund 2006 No.2 Limited Partnership 0.46309
Canadian Small Cap Resource Fund 2007 No.1 Limited Partnership 0.41507
Canadian Small Cap Resource Fund 2007 No.2 Limited Partnership 0.17737
Faircourt-CSCRF 2008 No.1 Limited Partnership 1.38286
Computershare, the Registrar and Transfer Agent for each of the funds,
has been notified of the exchange ratios and will arrange for the new units to
be exchanged for the existing fund units on the basis of their exchange
The new fund, Faircourt Resource Fund Limited Partnership will be managed
by Douglas Waterson, Lead Portfolio Manager for Faircourt Asset Management.
This fund will continue to look for opportunities to manage to maximize the
value of the positions brought in from the merger while investing available
cash in quality resource-oriented shares.
Unitholders who want to use the tax election available should go to
www.faircourtassetmgt.com to download the tax documents (expected to be
available by September 12, 2009), after consulting with their own tax
Faircourt Asset Management Inc. is the Investment Advisor for Faircourt
Resource Fund Limited Partnership.
For further information:
For further information: on the Faircourt Funds, please visit
www.faircourtassetmgt.com or please contact: Faircourt Client Service (416)
364-8989 or 1-800-831-0304