| | Tue Jun 23, 2009
Limited Partners Vote to Merge CSCRF and Faircourt Flow-Through Funds
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| | (Vancouver, BC, June 23, 2009) The General Partners of the existing CSCRF and Faircourt/CSCRF funds announce that the requisite quorum for each of the Limited Partnerships was present at meetings held Friday June 19 2009 to vote on the merger of the funds. The Limited Partners have approved the merger, which allows for the consolidation of the five Partnerships into a single fund to be called the Faircourt Resource Fund Limite Partnership.
The net asset value and consequent exchange ratio for the units of each fund will be calculated over the next two months with te merger having an effective date on or about June 29, 2009.
The five Limited Partnerships that will be merged into the Faircourt Resource Fund Limited Partnership 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
- Faircourt CSCRF 2008 No. 1 Limited Partnership
This press release is not for distribution in the United States or over United States wire services.
ON BEHALF OF THE BOARD
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of such jurisdiction.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
For further information, please contact Charles Taerk, President, or Douglas Waterson, CFO, Faircourt Asset Management Inc at 416-364-8989 or 1-800-831-0304 or contact Rick Peterson, President, Peterson Capital 604-684-2883 rick@rickpeterson.ca |
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| | You can view the Next CSCRF Corporate News item: Thu Aug 27, 2009, Faircourt Asset Management Inc. Announces Exchange Ratios for Merger of CSCRF and Faircourt -CSCRF Funds
You can view the Previous CSCRF Corporate News item: Thu Jun 4, 2009, Partners to Merge CSCRF and Faircourt Flow-Through Funds
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