/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES./
TORONTO, Oct. 2, 2012 /CNW/ - (TSX: FGX, FGX.WT.B): 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 prospectus (the "Share Prospectus") in respect of a public offering of Class A Shares ("Shares") of the Company (the "Share Offering"). Investors may purchase Shares pursuant to the Share Offering by: (a) cash payment; or (b) an exchange for the freely tradeable securities of the issuers listed in the table below (the "Exchange Option").
|Legal Name||ISIN|| Exchange
|ALLIED NEVADA GOLD CORP||US0193441005||AMEX||ANV|
|AURICO GOLD INC||CA36467T1066||Toronto||AUQ|
|AURIZON MINES LTD||CA05155P1062||Toronto||ARZ|
|BEAR CREEK MINING CORPORATION||CA07380N1042||Venture||BCM|
|BRIGUS GOLD CORP||CA1094901024||Toronto||BRD|
|CENTERRA GOLD INC||CA1520061021||Toronto||CG|
|CENTRAL FUND OF CANADA LIMITED||CA1535011011||Toronto||CEF.A|
|CLAUDE RESOURCES INC||CA1828731093||Toronto||CRJ|
|COEUR D'ALENE MINES CORPORATION||US1921085049||NYSE||CDE|
|COLOSSUS MINERALS INC||CA19681L1094||Toronto||CSI|
|DETOUR GOLD CORPORATION||CA2506691088||Toronto||DGC|
|DUNDEE PRECIOUS METALS INC||CA2652692096||Toronto||DPM|
|ELDORADO GOLD CORPORATION||CA2849021035||Toronto||ELD|
|ENDEAVOUR SILVER CORP||CA29258Y1034||Toronto||EDR|
|ENTREE GOLD INC||CA29383G1000||Toronto||ETG|
|EXETER RESOURCE CORPORATION||CA3018351047||Toronto||XRC|
|FIRST MAJESTIC SILVER CORP||CA32076V1031||Toronto||FR|
|FORTUNA SILVER MINES INC||CA3499151080||Toronto||FVI|
|GABRIEL RESOURCES LTD||CA3619701061||Toronto||GBU|
|HIGH RIVER GOLD MINES LTD||CA42979J1075||Toronto||HRG|
|ISHARES GOLD BULLION FUND||CA18385Q1173||Toronto||CGL|
|ISHARES S&P/TSX GLOBAL GOLD INDEX FUND||CA46428M1086||Toronto||XGD|
|KEEGAN RESOURCES INC||CA4872751090||Toronto||KGN|
|LUNA GOLD CORPORATION||CA5503441050||Venture||LGC|
|MAG SILVER CORP||CA55903Q1046||Toronto||MAG|
|MCEWEN MINING INC||US58039P1075||NYSE||MUX|
|METALS PLUS INCOME CORP(3)||CA59131N1078||Toronto||MPI|
|OREZONE GOLD CORPORATION||CA68616T1093||Toronto||ORE|
|OSISKO MINING CORPORATION||CA6882781009||Toronto||OSK|
|PAN AMERICAN SILVER CORP||CA6979001089||Toronto||PAA|
|PREMIER GOLD MINES LIMITED||CA74051D1042||Toronto||PG|
|QUEENSTON MINING INC||CA74832E1088||Toronto||QMI|
|RANDGOLD RESOURCES LIMITED||US7523443098||NASDAQ||GOLD|
|RIO NOVO GOLD INC||VGG757001075||Toronto||RN|
|ROMARCO MINERALS INC||CA7759032062||Venture||R|
|ROYAL GOLD INC||US7802871084||NASDAQ||RGLD|
|SABINA GOLD & SILVER CORPORATION||CA7852461093||Toronto||SBB|
|SAN GOLD CORPORATION||CA79780P1045||Venture||SGR|
|SANDSTORM GOLD LTD||CA8001321022||Venture||SSL|
|SILVERCORP METALS INC||CA82835P1036||Toronto||SVM|
|SPDR GOLD TRUST||US78463V1070||NYSE||GLD|
|SULLIDEN GOLD CORPORATION LTD||CA8651261064||Toronto||SUE|
|TIMMINS GOLD CORP||CA88741P1036||Venture||TMM|
|YAMANA GOLD INC||CA98462Y1007||Toronto||YRI|
The Exchange Option will remain open for acceptance until 5:00 p.m. (Toronto time) on October 19, 2012 (the "Deposit Date").
The securities acquired by the Company pursuant to the Exchange Option will either be held as part of the Company's portfolio or sold. If sold, the net proceeds of such sales, together with any cash subscriptions, will be used by the Company to acquire additional portfolio securities, all in accordance with the investment objectives and investment strategy of the Company and subject to its investment restrictions.
The Company also filed, concurrently with the filing of the Share Prospectus, with securities regulators in each of the provinces of Canada a preliminary prospectus in respect the issuance to current shareholders of Class D Warrants (the "Warrants") exercisable to purchase Shares from the Company (the "Warrant Offering"). Investors acquiring Shares under the Share Offering will not receive Warrants in respect of such Shares. Each whole Warrant will entitle the holder thereof to subscribe for one Share on the first business day of each month, until and including October 1, 2013, at an exercise price of $10.00.
The Company's outstanding Shares and Class B Warrants are currently listed on the Toronto Stock Exchange (the "TSX") under the symbol FGX and FGX.WT.B, respectively.
Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation and PI Financial Corp. have agreed to act as agents with respect to the Share Offering and to offer the Shares on a best efforts basis.
The Company has also retained Canaccord Genuity Corp. to act as the dealer manager to solicit on a best efforts basis, the exercise of Warrants under the Warrant Offering.
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.
The Share Offering and the Warrant Offering are each made by prospectus. The preliminary prospectuses contain important detailed information about the securities being offered and should be read carefully before making an investment decision. Copies of the preliminary prospectuses may be obtained from your financial advisor or at www.sedar.com under the Company's profile.
SOURCE: Faircourt Gold Income Corp.
For further information:
About the Share Offering or the Warrant Offering, please visit www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO at (416) 364-8989 or 1-800-831-0304.