Faircourt Asset Management Inc.

Faircourt Asset Management Inc.
Faircourt Gold Income Corp.
TSX : FGX

May 02, 2016 18:00 ET

Faircourt Gold Income Corp. Announces Net Asset Value for Annual Redemption of Class A Shares

TORONTO, ONTARIO--(Marketwired - May 2, 2016) -

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Faircourt Asset Management Inc., the Manager of Faircourt Gold Income Corp. (the "Company") (TSX:FGX), announces today that Securityholders who tendered their Class A Shares for redemption on March 31, 2016 will be entitled to receive $3.8877 per Class A Share, which is equal to the Net Asset Value per Share calculated using a five day volume weighted average price for exchange-traded securities held by the Company, determined as of April 28, 2016 less the pro rata share of the aggregate of all brokerage fees, commissions and other costs relating to disposition of portfolio securities necessary to fund such redemption. Payment will be made in full on May 19, 2016.

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