Toronto, Ontario--(Newsfile Corp. - September 25, 2020) - Evolve Funds Group Inc. (NEO: GLC) ("Evolve") is pleased to announce that Evolve Gold Miners Fund (the "ETF"), a new class of shares of Evolve Fund Corp. (formerly Gold Miners Split Corp.) (the "Company") has filed a final prospectus dated September 25, 2020 (the "Prospectus") in respect of the initial and continuous distribution of exchange traded fund shares of the ETF (the "ETF Shares") in all provinces and territories of Canada. Pursuant to the Prospectus, the ETF Shares are continuously offered for sale to the public at a price per share equal to the net asset value per ETF Share.
The ETF Shares began trading on the facilities of the Neo Exchange Inc. under the symbol "GLC" on September 25, 2020.
The ETF invests in a portfolio comprised primarily of common shares of gold mining issuers included in the S&P/TSX Global Gold Index, the NYSE Arca Gold Miners Index and/or the MVIS Global Junior Gold Miners Index.
"As gold prices strengthen on the back of the global pandemic, we believe there remains a long-term investment opportunity in the gold mining sector," said Elliot Johnson, Chief Investment Officer at Evolve. "Given the uncertainty in the post-pandemic world, now might be the time for investors to consider gold mining equities. We launched the Evolve Gold Miners Fund to provide investors with access to an undervalued, growth sector that historically moves in the opposite direction to the broad equity markets."
Evolve, the manager of the Company, provides investment advisory services and portfolio management services to the Company.
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 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.
The securities offered pursuant to the Prospectus have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.
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