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TORONTO – September 21, 2020 – NEO: GLC – Evolve Funds Group Inc. (“Evolve”), on behalf of Evolve Fund Corp. (formerly Gold Miners Split Corp.) (the “Company”) and Evolve Gold Miners Fund (the “ETF”), are pleased to announce that the previously announced restructuring transaction (the “Restructuring”) of the Company was completed on September 21, 2020. The Restructuring involved, among other things, the change of the name of the Company from Gold Miners Split Corp. to Evolve Fund Corp., the redemption of the preferred shares of the Company and the re-designation of certain of the Class A shares of the Company into exchange traded fund shares (the “ETF Shares”) of the ETF, being a new class of shares of the Company. The Restructuring is further described in the Company’s press releases dated June 22, 2020 and September 10, 2020, and its management information circular dated August 5, 2020 (the “Circular”), all of which are available at www.sedar.com. As further described in the Circular, the investment objectives, strategies and restrictions of the ETF Shares, as well as certain fees, are different in certain respects for the ETF Shares versus the prior Class A shares of the Company.
The ETF Shares will begin trading under the symbol “GLC” on September 25, 2020 on the facilities of the Neo Exchange Inc.
Also in connection with the Restructuring, the directors of the Company were changed to Raj Lala, Elliot Johnson, Scharlet Igo and Keith Crone, and Scharlet Igo became the Chief Financial Officer of the Company. The Company also amended certain agreements of the Company, including its management agreement with Evolve, and its custodian agreement with CIBC Mellon Trust Company, to reflect the Restructuring.
Further information regarding the Restructuring and the ETF is available on the SEDAR profile for the ETF at www.sedar.com.
Evolve is one of Canada’s fastest growing ETF providers since launching its first suite of ETFs via the Toronto Stock Exchange in September 2017. Evolve is a leader in thematic ETFs and specializes in bringing innovative ETFs to Canadian investors. Evolve’s suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; and (iii) some of the world’s leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. For more information, please visit www.evolveetfs.com.
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 Company and the ETF. You can find more detailed information about the Company and the ETF 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.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws, including statements regarding the features of the ETF and the ETF Shares, and the listing of the ETF Shares on the facilities of Neo Exchange Inc., and the receipt of all necessary regulatory and stock exchange approval, if at all. 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. These forward-looking statements are made of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Although each of Evolve and the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because neither Evolve nor the Company can give any assurances that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information. The statements in this press release are made as of the date of this release.
External Link: https://www.newsfilecorp.com/release/64312