THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.
TORONTO, April 30, 2015 /CNW/ - (TSX: FGX): Faircourt Asset Management Inc. (the "Manager"), the manager of Faircourt Gold Income Corp. (the "Company"), is pleased to announce that the Company has filed with securities regulators in each of the provinces of Canada a preliminary short form prospectus in respect of a public offering of Class A shares ("Shares") of the Company (the "Offering").
The Company was created to provide investors with exposure to the leading global companies primarily involved in gold exploration, mining or production including those in the S&P TSX Global Gold Index, while also providing monthly distributions.
The syndicate of agents for the Offering is being co-led by National Bank Financial Inc., CIBC, Scotiabank, and BMO Capital Markets, and includes Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd. and Mackie Research Capital Corporation.
A preliminary prospectus containing important information relating to these securities has been filed with the securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the above-mentioned agents or at www.sedar.com under the Company's profile. There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
You will usually pay brokerage fees to your dealer if you purchase or sell Shares of the Company on the Toronto Stock Exchange or alternative Canadian trading platforms (an "exchange"). If the Shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Shares of the Company and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the investment fund. You can find more detailed information about the Company in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any jurisdiction in which the securities are not qualified for sale.
SOURCE Faircourt Asset Management Inc.
For further information: About the Offering, please visit www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO at (416) 364-8989 or 1-800-831-0304.