/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES/
TORONTO, April 30 /CNW/ - (FGX and FGX.WT) - Faircourt Asset Management
Inc., the manager of Faircourt Gold Income Corp. ("Faircourt Gold") is pleased
to announce that the resolutions voted on at today's reconvened special
meetings of Class A shareholders ("Shareholders") and holders of warrants to
purchase Class A shares ("Warrantholders") of Faircourt Gold to consider
various amendments to the articles of Faircourt Gold were passed.
Amendments to expand the investment strategy of Faircourt Gold to allow
for an investment in gold bullion of up to 30% of the investment portfolio and
a minimum investment in gold companies of no less than 60% of the investment
portfolio were approved by 99.66% of Shareholders and 85.25% of Warrantholders
of votes cast.
Amendments that would allow the issuance of shares at less than their
prevailing net asset value without having to obtain shareholder approval were
approved by 96.55% of Shareholders and 79.68% of Warrantholders of votes cast.
Amendments that would allow Faircourt Gold to, upon the fulfilment of
certain conditions, merge with other funds that invest in gold companies and
gold bullion without having to obtain shareholder approval were approved by
96.62% of Shareholders and 86.86% of Warrantholders of votes cast.
Complete details regarding the amendments to the articles of Faircourt
Gold are outlined in the Information Circular of Faircourt Gold dated April 2,
2009, which is available at www.sedar.com under the profile of Faircourt Gold.
For further information:
For further information: please visit www.faircourtassetmgt.com or
please contact: Charles Taerk, President and CEO or Douglas Waterson, CFO and
Portfolio Manager at (416) 364-8989 or 1-800-831-0304