Faircourt Asset Management Inc, Thursday announced the exchange ratios related to merging the 5 existing CSCRF and Faircourt CSCRF Flow-Through Limited Partnerships.

The merging funds are Canadian Small Cap Resource Fund 2006 No.1 LP, Canadian Small Cap Resource Fund 2006 No.2 LP, Canadian Small Cap Resource Fund 2007 No.1 LP, Canadian Small Cap Resource Fund 2007 No.2 LP, and Faircourt-CSCRF 2008 No.1 LP.

The merger was approved by unitholders of each of the funds on June 19, and will be given an effective date of June 29, Faircourt says.

Unitholders of each of the funds will receive units of the Faircourt Resource Fund LP based on the NAV’s of each of the funds. The ratio of the number of units of the existing funds that will be exchanged for each unit of the Faircourt Resource Fund LP are as follows;

• Canadian Small Cap Resource Fund 2006 No.1 LP, 0.60956;
• Canadian Small Cap Resource Fund 2006 No.2 LP, 0.46309;
• Canadian Small Cap Resource Fund 2007 No.1 LP, 0.41507;
• Canadian Small Cap Resource Fund 2007 No.2, LP 0.17737; and
• Faircourt-CSCRF 2008 No.1 LP, 1.38286.

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Resource LP.

The fund will be managed by Douglas Waterson, lead portfolio manager for Faircourt Asset Management.

The fund will continue to look for opportunities to manage to maximize the value of the positions brought in from the merger while investing available cash in quality resource-oriented shares, Faircourt says.

IE