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Founders Advantage Capital Corp. (V:FCF)

Business Focus: Investment Management & Fund Operators

Jun 30, 2020 12:06 pm ET
Club16 Fitness to Open Additional Clubs
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that its investee Club16 Limited Partnership (“Club16”) has entered into an agreement to open a new fitness club in North Burnaby (28,000 sq ft).  The...
Jun 12, 2020 12:09 pm ET
DLC CEO Gary Mauris Appointed Chairman
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that the Board of Directors has appointed Gary Mauris, founder and CEO of Dominion Lending Centres, as Chairman of the Board.  In addition, Ron...
May 26, 2020 04:15 pm ET
Founders Advantage Releases Q1-2020 Results; DLC Reports Record Q1 Funded Volumes and Adjusted EBITDA
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2020 (“Q1-2020”).  For complete information, readers should refer to the consolidated...
May 25, 2020 11:58 am ET
Club16 to Re-Open Fitness Centres with Enhanced Health and Safety Measures
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that its subsidiary Club16 Trevor Linden Fitness (“Club16”) is scheduled to re-open its fitness centres effective June 1, 2020.  In an effort to...
Apr 23, 2020 07:04 pm ET
Founders Advantage Releases 2019 Q4 and Annual Results; Subsidiaries Report Record 2019 Adjusted EBITDA
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2019 (“Q4-2019” and “annual”, respectively). For complete information, readers...
Mar 24, 2020 04:15 pm ET
Founders Advantage Unwinds Forward Contract, Increases Liquidity
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) today announced that it has unwound its forward agreement to purchase $15 million USD in June, 2022 (entered into on December 11, 2019) in exchange for net cash proceeds of...
Mar 17, 2020 04:15 pm ET
Club16 to Temporarily Close Fitness Centres to Prevent Spread of COVID-19
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) today announced that its subsidiary Club16 Trevor Linden Fitness (“Club16”) will temporarily close its fitness centres in an effort to reduce the spread of COVID-19 and to...
Feb 24, 2020 12:48 pm ET
Early Warning News Release Regarding Investment by Belkorp Industries Inc. in Founders Advantage Capital Corp.
VANCOUVER, Feb. 24, 2020 /CNW/ - Belkorp Industries Inc. ("Belkorp") is pleased to announce that it has today acquired 7,500,000 common shares (the "Purchased Shares") of Founders Advantage Capital Corp. (TSX-V: FCF) ("Founders Advantage") at a purchase price of $1.75  per Purchased Share, for an aggregate purchase price of $13.125 million.
Feb 20, 2020 06:40 pm ET
DLC Principals Increase Shareholdings in Founders Advantage
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that Gary Mauris and Chris Kayat (collectively, the “DLC Principals”) have entered into agreements to acquire an additional 5,305,529 class “A” common...
Feb 13, 2020 06:44 pm ET
Founders Advantage Announces Record Annual and Q4 Funded Mortgage Volumes by DLC in 2019; Provides Preliminary 2019 Results
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that its investee Dominion Lending Centres Limited Partnership (“DLC”) achieved record annual funded mortgage volumes of $40.1 billion in 2019, an...
Dec 10, 2019 04:15 pm ET
Founders Advantage Enters into FX Hedge Agreements
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that it has entered into foreign currency forward contracts (the “Hedge Agreements”) to partially mitigate foreign currency exchange risk in...
Nov 21, 2019 04:15 pm ET
Founders Advantage Achieves Record Adjusted EBITDA for Q3-2019; Quarterly Funded Mortgage Volumes at DLC Increased 13.4% Over Prior Year
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three and nine months ended September 30, 2019 (“Q3-2019”).  For complete information, readers should refer to the...
Sep 30, 2019 04:29 pm ET
Founders Advantage Completes Sale of its Interest in Astley Gilbert Limited
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) today announced that it has completed the sale of its 50% interest in Astley Gilbert Limited (“AG”) for aggregate gross proceeds of $17.0 million (the “Purchase Price”)....
Aug 26, 2019 04:15 pm ET
Founders Advantage Releases Q2-2019 Results
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three and six months ended June 30, 2019 (“Q2-2019”).  For complete information, readers should refer to the consolidated...
Jul 31, 2019 04:15 pm ET
Founders Advantage Announces Sale of its Interest in Astley Gilbert Limited
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) today announced that it has entered into a binding agreement to sell its 50% interest in Astley Gilbert Limited (“AG”) for aggregate gross proceeds of $17.0 million (the...
May 27, 2019 04:15 pm ET
Founders Advantage Releases Q1-2019 Results; Appoints Chief Financial Officer
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2019 (“Q1-2019”).  For complete information, readers should refer to the consolidated...
Apr 23, 2019 06:26 pm ET
Founders Advantage Releases 2018 Q4 and Annual Results; Announces Board Change
Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2018 (“Q4-2018” and “Annual”, respectively).  For complete information, readers...
Mar 12, 2019 04:57 pm ET
Founders Advantage Suspends Dividend and Amends Credit Facility to Permit Debt Repayment; Maintains Focus on Growing Four Assets
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) reports that it has suspended its quarterly dividend of $0.0125 per share to provide the Corporation with more flexibility to pay down debt and allow certain investees to retain more...
Feb 10, 2019 09:17 pm ET
Dominion Lending Centres Served with Statement of Claim
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) reports that its investee Dominion Lending Centres Inc. (“DLC”) has received a statement of claim (the “Claim”) filed in the Ontario Superior Court of Justice by two individual...
Jan 30, 2019 07:17 pm ET
Founders Advantage Capital Corp. Announces Executive Management Changes; Provides Corporate Update
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has appointed James Bell as President and Chief Executive Officer of the Corporation.  Mr. Bell is an experienced corporate securities...
Jan 08, 2019 01:16 pm ET
Club16 Trevor Linden Fitness to Open New Tsawwassen Commons Location
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) is pleased to announce that its investee partner Club16 Limited Partnership (“Club16”) will open a new 20,000 sq. ft. co-ed club in Tsawwassen, British Columbia on Friday, January...
Dec 14, 2018 11:47 am ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share.  The dividend will be payable on January...
Dec 11, 2018 09:00 am ET
Founders Advantage Capital Corp. Terminates Agreement to Acquire Full Ownership of Dominion Lending Centres; Cancels Special Meeting of Shareholders to Approve Acquisition
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) announces that it has terminated, through mutual consent, its previously announced agreement to acquire the remaining 39.88% interest (the “Proposed Transaction”) in Dominion Lending...
Nov 21, 2018 05:35 pm ET
Founders Advantage Releases Q3 2018 Results
Founders Advantage Capital Corp. (TSXV: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three and nine months ended September 30, 2018 (“Q3 2018”). For complete information, readers should refer to the full Q3...
Nov 16, 2018 04:25 pm ET
Founders Advantage Capital Corp. Enters Definitive Agreement to Acquire Full Ownership of Dominion Lending Centres; Announces Special Meeting of Shareholders to Approve Acquisition
Further to its press release dated September 27, 2018, Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has entered into a binding securities purchase agreement (“Share Purchase...
Oct 09, 2018 04:15 pm ET
Founders Advantage Capital Corp. Implements Market Purchase (Non-Dilutive) Dividend Reinvestment Plan
(TSX-V: FCF) - Founders Advantage Capital Corp. (the “Corporation”) is pleased to announce that it has implemented a Market Purchase Dividend Reinvestment Plan (the "Plan") to provide shareholders of the Corporation who are resident in Canada...
Sep 27, 2018 04:14 pm ET
IIROC Trading Resumption - FCF
VANCOUVER, Sept. 27, 2018 /CNW/ - Trading resumes in:
Sep 27, 2018 04:07 pm ET
IIROC Trade Resumption - Founders Advantage Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2018) - Trading resumes in:
Sep 27, 2018 04:00 pm ET
Founders Advantage Capital Corp. Announces Letter of Intent to Acquire Full Ownership of Dominion Lending Centres; Announces Management Changes
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has entered into a letter of intent to acquire the remaining 40% interest (the “Proposed Transaction”) in Dominion Lending Centres...
Sep 19, 2018 07:26 am ET
IIROC Trading Halt - FCF
VANCOUVER, Sept. 19, 2018 /CNW/ - The following issues have been halted by IIROC:
Sep 14, 2018 04:34 pm ET
Founders Advantage Capital Corp. Declares Quarterly Dividend; Provides Update on Review Process and Management Change
Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share.  The dividend will be payable on October...
Aug 21, 2018 06:36 pm ET
Founders Advantage Releases Q2 2018 Results
Founders Advantage Capital Corp. (TSXV: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three and six months ended June 30, 2018 (“Q2 2018”). For complete information, readers should refer to the full Q2 2018...
Aug 08, 2018 04:16 pm ET
Founders Advantage Capital Corp. Initiates Strategic Review Process
(TSX-V: FCF) - Founders Advantage Capital Corp. (the “Corporation”) today announced it is initiating a formal strategic review process to explore alternatives for the enhancement of shareholder value.  The Corporation has formed a special committee...
Jul 18, 2018 04:16 pm ET
Founders Advantage Capital Corp. Provides Update on Dominion Lending Centres Q2 Funded Mortgage Volumes
(TSX-V:FCF) - Founders Advantage Capital Corp. (the “Corporation”) is pleased to report that funded mortgage volumes for its investee Dominion Lending Centres (“DLC”) for the three and six months ended June 30, 2018 were $9.200 billion and $16.214...
Jun 27, 2018 01:46 pm ET
Founders Advantage Capital Corp. Announces Approval of Normal Course Issuer Bid
Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) announces that it has obtained approval from the TSX Venture Exchange (the “Exchange”) for a normal course issuer bid through the facilities of the Exchange.  The normal course issued...
Jun 19, 2018 04:58 pm ET
Founders Advantage Capital Corp. Comments on Recent Trading; Announces Intention to Implement Normal Course Issuer Bid and Dividend Reinvestment Plan
In light of the recent share price decline, Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) would like to confirm that there have been no material adverse changes at any of its four investee companies nor at its corporate head...
Jun 15, 2018 12:15 pm ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share.  The dividend will be payable on July 12,...
May 22, 2018 07:04 pm ET
Founders Advantage Releases Q1 2018 Results
Founders Advantage Capital Corp. (TSXV:FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2018 (“Q1 2018”). For complete information, readers should refer to the full Q1 2018 Report or...
Apr 24, 2018 09:09 pm ET
Founders Advantage Releases 2017 Q4 and Annual Results
CALGARY, Alberta , April 24, 2018 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSXV:FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2017 (“Q4 2017” and...
Mar 15, 2018 12:05 pm ET
CORRECTION - Founders Advantage Capital Corp. Declares Quarterly Dividend
CALGARY, Alberta, March 15, 2018 (GLOBE NEWSWIRE) -- Correction - Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) today announced that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common...
Mar 15, 2018 11:28 am ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
CALGARY, Alberta, March 15, 2018 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common...
Feb 23, 2018 11:58 am ET
Dominion Lending Centres Group is Canada’s Largest Mortgage Broker by Volume in 2017
CALGARY, Alberta, Feb. 23, 2018 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its investee partner Dominion Lending Centres Group (“DLC”) was Canada’s top mortgage brokerage firm in Canada in 2017...
Jan 25, 2018 06:05 pm ET
Founders Advantage Capital Corp. Appoints Independent Director
CALGARY, Alberta, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that Dennis Sykora has been appointed to the Corporation’s Board of Directors.   
Jan 23, 2018 01:56 pm ET
Club16 Trevor Linden Fitness to Open New South Surrey Location
CALGARY, Alberta, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its investee partner Club16 Limited Partnership (“Club16”) will open a new 22,000 sq. ft. co-ed club in South...
Dec 22, 2017 11:39 am ET
Founders Advantage Capital Corp. Announces Chief Financial Officer; Appoints New Director
CALGARY, Alberta, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that Melanie Litoski will join the Corporation’s executive team as Chief Financial Officer effective March 1, 2018.  Ms. Litoski...
Dec 15, 2017 11:08 am ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
CALGARY, Alberta, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common...
Nov 27, 2017 08:50 pm ET
Founders Advantage Releases Q3 2017 Results; Revenue and Earnings Increase for Fourth Consecutive Quarter; Provides 2018 Outlook
CALGARY, Alberta, Nov. 27, 2017 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSXV:FCF) (the "Corporation") is pleased to report its financial results for the three months and nine months ended September 30, 2017 (“Q3 2017”). Readers should refer...
Aug 28, 2017 09:41 pm ET
Founders Advantage Releases Q2 2017 Results; Revenues and Income Increase as All Three Investees Contributing
CALGARY, Alberta, Aug. 28, 2017 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSXV:FCF) (the "Corporation") is pleased to report its financial results for the three months and six months ended June 30, 2017 (“Q2 2017”). Readers should refer to the condensed interim consolidated financial statements and management discussion and analysis (“MD&A”) for complete information, which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.advantagecapital.ca....
Aug 01, 2017 05:34 pm ET
Founders Advantage Investee Entity Dominion Lending Centres Sells Non-Core Asset
CALGARY, Alberta, Aug. 01, 2017 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its investee entity Dominion Lending Centres (“DLC”) has completed a sale of its 20% shareholdings in Canadiana Financial Corp. (“Canadiana”) to an arm’s length purchaser for $2.5 million cash.  DLC sought to liquidate its minority interest in Canadiana as Canadiana was not part of DLC’s core mortgage brokerage business.  ...
Jun 15, 2017 01:36 pm ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share. The dividend will be payable on...
Jun 15, 2017 01:36 pm ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share. The dividend will be payable on July 12, 2017 to shareholders of record as at June 30, 2017. The shares will commence trading on an ex-dividend basis on June 28, 2017.
Jun 14, 2017 04:15 pm ET
Founders Advantage Closes CAD $100 Million Senior Secured Credit Facility with Sagard Credit Partners
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that it has closed its previously announced USD $75 million (approx. CAD $100 million) senior secured credit facility (the "Senior Facility") with Sagard Holdings ULC ("Sagard Holdings"), pursuant to which Sagard Credit Partners will be the lender. The proceeds from the Senior Facility will be used to repay the Corporation's existing senior indebtedness, to complete further acquisitions and for general corporate purposes. The initial draw at closing under the Senior
Jun 14, 2017 04:13 pm ET
Founders Advantage Closes CAD $100 Million Senior Secured Credit Facility with Sagard Credit Partners
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has closed its previously announced USD $75 million (approx. CAD $100 million) senior secured credit facility (the "Senior Facility") with Sagard...
May 31, 2017 02:03 pm ET
IIROC Trading Resumption - FCF
VANCOUVER, May 31, 2017 /CNW/ - Trading resumes in:
May 31, 2017 12:50 pm ET
Founders Advantage Enters Into CAD $100 Million Senior Secured Credit Facility With Strategic Capital Provider, Sagard Credit Partners
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that it has entered into a USD $75 million (approx. CAD $100 million) senior secured credit facility (the "Senior Facility") with Sagard Holdings ULC ("Sagard Holdings"), pursuant to which Sagard Credit Partners will be the lender. The proceeds from the Senior Facility will be used to repay the Corporation's existing senior indebtedness, to complete further acquisitions and for general corporate purposes. The initial draw at closing under the Senior Facility is USD $42
May 31, 2017 12:50 pm ET
Founders Advantage Enters Into CAD $100 Million Senior Secured Credit Facility With Strategic Capital Provider, Sagard Credit Partners
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has entered into a USD $75 million (approx. CAD $100 million) senior secured credit facility (the "Senior Facility") with Sagard Holdings ULC...
May 29, 2017 10:08 pm ET
Founders Advantage Releases Q1 2017 Results; Investee Revenues Increase Year Over Year, Earnings Reflect Normal Seasonality
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to report its financial results for the three months ended March 31, 2017 ("Q1 2017"). Readers should refer to the condensed interim consolidated financial statements and management discussion and analysis ("MD&A") for the three months ended March 31, 2017 for complete information, which are available on SEDAR at www.sedar.com and on the Corporation's website at www.advantagecapital.ca.
May 29, 2017 05:07 pm ET
IIROC Trading Halt - FCF
VANCOUVER, May 29, 2017 /CNW/ - The following issues have been halted by IIROC:
May 18, 2017 06:43 pm ET
Founders Advantage Capital Corp. Provides Update and Increases 2017 Guidance
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FAC") is pleased to report the following key performance indicators for its investee entities for the three months ended March 31, 2017. The Corporation anticipates its...
May 18, 2017 06:43 pm ET
Founders Advantage Capital Corp. Provides Update and Increases 2017 Guidance
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation" or "FAC") is pleased to report the following key performance indicators for its investee entities for the three months ended March 31, 2017. The Corporation anticipates its quarterly financial statements and related management's discussion and analysis will be filed on May 29, 2017:
May 01, 2017 09:58 pm ET
Founders Advantage Capital Corp. Announces Fiscal 2016 Results; Provides Update on Investees
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to report its financial results for the fifteen months ended December 31, 2016 ("fiscal 2016"). The comparative period is the year ended September 30, 2015 ("fiscal...
May 01, 2017 09:58 pm ET
Founders Advantage Capital Corp. Announces Fiscal 2016 Results; Provides Update on Investees
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to report its financial results for the fifteen months ended December 31, 2016 ("fiscal 2016"). The comparative period is the year ended September 30, 2015 ("fiscal 2015"). Note that during fiscal 2016, the Corporation changed its year end from September 30 to December 31. As a result, the Corporation is reporting a one-time, fifteen-month transition year, covering the period of October 1, 2015 to December 31, 2016. All results are presented in Canadian dollars. Readers should
Mar 15, 2017 08:00 am ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share. The dividend will be payable on April 12, 2017 to shareholders of record as at March 31, 2017. The shares will commence trading on an ex-dividend basis on March 29, 2017.
Mar 15, 2017 07:58 am ET
Founders Advantage Capital Corp. Declares Quarterly Dividend
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.0125 per common share. The dividend will be payable on...
Mar 01, 2017 06:20 pm ET
Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories; Announces Increase to ATB Credit Facility
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has completed its previously announced acquisition of a 52% majority interest (the "Transaction") in Cape Communications International Inc. (which...
Mar 01, 2017 06:20 pm ET
Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories; Announces Increase to ATB Credit Facility
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that it has completed its previously announced acquisition of a 52% majority interest (the "Transaction") in Cape Communications International Inc. (which operates as IMPACT Radio Accessories and is referred to herein as "IMPACT") for a total cash purchase price of $12.0 million (the "Purchase Price"), subject to post-closing adjustments. The Transaction was completed between the Corporation, Keith Kostek, IMPACT's President and founder, and Mr. Kostek's
Jan 24, 2017 05:03 pm ET
Founders Advantage Capital Corp. Reports on Transition Year; Outlines 2017 Investee Guidance; Provides Investee Updates; and Details on Analyst Coverage
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FAC") is pleased to provide the following corporate update following its first financial year with its new investment model and management team. The last twelve months...
Jan 24, 2017 05:03 pm ET
Founders Advantage Capital Corp. Reports on Transition Year; Outlines 2017 Investee Guidance; Provides Investee Updates; and Details on Analyst Coverage
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation" or "FAC") is pleased to provide the following corporate update following its first financial year with its new investment model and management team. The last twelve months have been transformational for the Corporation as it accomplished the following key milestones:
Dec 22, 2016 04:30 pm ET
Founders Advantage Capital Corp. Announces Third Acquisition - Signs Letter of Intent to Acquire a 52% Interest in IMPACT Communications
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation" or "FA Capital") is pleased to announce that it has entered into a letter of intent to acquire a 52% majority interest (the "Transaction") in IMPACT Communications ("IMPACT") for a cash purchase price of $12.0 million, subject to closing adjustments. After completion of the Transaction, the current owner of IMPACT, Keith Kostek and certain of his affiliated entities (the "IMPACT Founders"), will retain a 48% interest in IMPACT and will continue to manage the day-to-day
Dec 22, 2016 04:28 pm ET
Founders Advantage Capital Corp. Announces Third Acquisition - Signs Letter of Intent to Acquire a 52% Interest in IMPACT Communications
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FA Capital") is pleased to announce that it has entered into a letter of intent to acquire a 52% majority interest (the "Transaction") in IMPACT Communications ("IMPACT") for...
Dec 20, 2016 03:42 pm ET
Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in CLUB16 Trevor Linden Fitness and She's FIT! Health Clubs
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has completed its previously announced acquisition of a 60% majority interest (the "Transaction") in a limited partnership ("CLUB16 LP") holding...
Dec 20, 2016 03:42 pm ET
Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in CLUB16 Trevor Linden Fitness and She's FIT! Health Clubs
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that it has completed its previously announced acquisition of a 60% majority interest (the "Transaction") in a limited partnership ("CLUB16 LP") holding eight (8) Club16 Trevor Linden Fitness Clubs ("CLUB16") and five (5) She's FIT! Health Clubs ("She's FIT!") in the Vancouver and Lower Mainland area for a total cash purchase price of $20.5 million (the "Purchase Price"). The thirteen (13) fitness locations are collectively referred to
Dec 14, 2016 07:30 am ET
DLC Enters Letter of Intent to Acquire Marlborough Stirling Canada Limited
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation" or "FA Capital") is pleased to announce that its subsidiary Dominion Lending Centres ("DLC") has entered into a letter of intent to acquire all of the securities of Marlborough Stirling Canada Limited ("MSC") for an aggregate purchase price of $5.5 million. The acquisition is expected to close on or about December 15, 2016. It is currently contemplated that the securities of MSC will be acquired by a new corporation ("Acquireco") which is 70% owned by DLC and 30% owned by
Dec 14, 2016 07:28 am ET
DLC Enters Letter of Intent to Acquire Marlborough Stirling Canada Limited
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FA Capital") is pleased to announce that its subsidiary Dominion Lending Centres ("DLC") has entered into a letter of intent to acquire all of the securities of Marlborough...
Dec 07, 2016 06:07 pm ET
Founders Advantage Capital Corp. Announces Extension of ATB Credit Facilities
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce the extension of its $17 million revolving credit facility and $5 million non-revolving credit facility with ATB Financial from December 31, 2016 to June 30, 2017. As at the date hereof, the Corporation has $5 million drawn on the non-revolving credit facility and $Nil drawn on the revolving credit facility.
Dec 07, 2016 06:07 pm ET
Founders Advantage Capital Corp. Announces Extension of ATB Credit Facilities
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce the extension of its $17 million revolving credit facility and $5 million non-revolving credit facility with ATB Financial from December 31, 2016 to June...
Nov 10, 2016 08:45 pm ET
Founders Advantage Capital Corp. Announces Quarterly Results
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to report its financial results for the quarter ended September 30, 2016 ("Q4 2016"). The comparative period is the quarter ended September 30, 2015 ("Q4 2015"). Note...
Nov 10, 2016 08:45 pm ET
Founders Advantage Capital Corp. Announces Quarterly Results
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to report its financial results for the quarter ended September 30, 2016 ("Q4 2016"). The comparative period is the quarter ended September 30, 2015 ("Q4 2015"). Note that during Q4 2016, the Corporation changed its year end from September 30 to December 31. As a result, the Corporation has a one-time, fifteen-month transition year, covering the months of October 2015 to December 2016. All results are presented in Canadian dollars. Readers should refer to the three and twelve
Nov 04, 2016 01:31 pm ET
Founders Advantage Capital Corp. Announces Dividend Policy
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation" or "FA Capital") is pleased to announce that as part of the Corporation's long-term strategy to maximize shareholder value, the Board of Directors has approved the implementation of a new dividend policy:
Nov 04, 2016 01:31 pm ET
Founders Advantage Capital Corp. Announces Dividend Policy
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FA Capital") is pleased to announce that as part of the Corporation's long-term strategy to maximize shareholder value, the Board of Directors has approved the implementation...
Nov 02, 2016 04:30 pm ET
Founders Advantage Capital Corp. Announces Letter of Intent to Acquire a 60% Interest in CLUB16 Trevor Linden Fitness and She's FIT! Health Clubs
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation" or "FA Capital") is pleased to announce that it has entered into a letter of intent to acquire a 60% majority interest (the "Transaction") in a limited partnership ("CLUB16 LP") holding eight (8) Club 16 Trevor Linden Fitness Clubs ("CLUB16") and five (5) She's FIT! Health Clubs ("She's FIT!") in the Vancouver and Lower Mainland area for a total cash purchase price of $20 million (subject to certain closing adjustments) which, after adjusting for debt, represents
Nov 02, 2016 04:28 pm ET
Founders Advantage Capital Corp. Announces Letter of Intent to Acquire a 60% Interest in CLUB16 Trevor Linden Fitness and She's FIT! Health Clubs
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FA Capital") is pleased to announce that it has entered into a letter of intent to acquire a 60% majority interest (the "Transaction") in a limited partnership ("CLUB16 LP")...
Oct 21, 2016 12:48 pm ET
DLC President Gary Mauris Inducted into the Canadian Mortgage Hall of Fame
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is proud to report that Gary Mauris, President of Dominion Lending Centres and director of the Corporation, is being inducted into the Canadian Mortgage Hall of Fame in Vancouver on November 28, 2016. The Canadian Mortgage Hall of Fame was created by Mortgage Professionals Canada (formerly CAAMP) to recognize and honour mortgage industry leaders whose achievements and service have contributed to the success of the Canadian mortgage industry. Inductees to the Mortgage Hall of Fame have provided leadership,
Oct 21, 2016 12:48 pm ET
DLC President Gary Mauris Inducted into the Canadian Mortgage Hall of Fame
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is proud to report that Gary Mauris, President of Dominion Lending Centres and director of the Corporation, is being inducted into the Canadian Mortgage Hall of Fame in Vancouver...
Oct 13, 2016 11:51 am ET
DLC Comments on New Mortgage Rules; Announces Increased Credit Facility to Fund Growth Initiatives
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") owns a 60% interest in Dominion Lending Centres ("DLC"). With the recent changes to the mortgage rules by the Federal Government, we have asked DLC to comment on the new...
Oct 13, 2016 11:51 am ET
DLC Comments on New Mortgage Rules; Announces Increased Credit Facility to Fund Growth Initiatives
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") owns a 60% interest in Dominion Lending Centres ("DLC"). With the recent changes to the mortgage rules by the Federal Government, we have asked DLC to comment on the new rules and the anticipated effect on DLC. DLC is not a lender and does not itself offer mortgages but does offer mortgage brokerage services, whereby it assists consumers in obtaining and negotiating new mortgages and mortgage renewals.
Sep 26, 2016 07:30 am ET
DLC Adopts Monthly Cash Distribution Policy
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that the Board of Directors of Dominion Lending Centre Group of Companies ("DLC") has resolved to distribute $900,000 of monthly cash distributions to its securityholders commencing in October, 2016. As the Corporation holds a 60% interest in DLC, the Corporation anticipates receiving after-tax cash distributions of $540,000 per month ($6.5 million annually) from DLC. As the DLC entities are taxed at the operating entity level, no additional tax amounts are payable by the
Sep 26, 2016 07:28 am ET
DLC Adopts Monthly Cash Distribution Policy
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that the Board of Directors of Dominion Lending Centre Group of Companies ("DLC") has resolved to distribute $900,000 of monthly cash distributions to its...
Sep 12, 2016 06:28 pm ET
Founders Advantage Capital Corp. Files Annual Information Form
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has filed its Annual Information Form on SEDAR. The Annual Information Form contains disclosure on the Corporation and on Dominion Lending...
Sep 12, 2016 06:28 pm ET
Founders Advantage Capital Corp. Files Annual Information Form
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that it has filed its Annual Information Form on SEDAR. The Annual Information Form contains disclosure on the Corporation and on Dominion Lending Centre Group of Companies (of which the Corporation holds a 60% interest).
Sep 08, 2016 12:10 pm ET
Founders Advantage Capital Corp. Changes Financial Year End
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") wishes to announce that, effective in 2016, its financial year-end will be changed from September 30 to December 31 to align the Corporation's year end with the year-ends of its...
Sep 08, 2016 12:10 pm ET
Founders Advantage Capital Corp. Changes Financial Year End
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") wishes to announce that, effective in 2016, its financial year-end will be changed from September 30 to December 31 to align the Corporation's year end with the year-ends of its investee subsidiaries and peer group. Management anticipates this will simplify accounting and reduce costs and allow for greater comparability with the Corporation's peer group. To facilitate the change, the Corporation will report a, one-time, fifteen-month transition year covering the months of October 2015 to December 2016.
Aug 29, 2016 09:41 pm ET
Founders Advantage Capital Corp. Announces Third Quarter 2016 Results
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to report its financial results for the third quarter ended June 30, 2016 ("Q3 2016"). The comparative period is the third quarter ended June 30, 2015 ("Q3 2015"). All results are presented in Canadian dollars. Readers should refer to the Q3 2016 management discussion and analysis and condensed interim consolidated financial statements for complete information, which are available on SEDAR at www.sedar.com and on the Corporation's website at www.advantagecapital.ca.
Aug 29, 2016 09:41 pm ET
Founders Advantage Capital Corp. Announces Third Quarter 2016 Results
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to report its financial results for the third quarter ended June 30, 2016 ("Q3 2016"). The comparative period is the third quarter ended June 30, 2015 ("Q3 2015"). All...
Aug 17, 2016 08:31 pm ET
Founders Advantage Capital Corp. Files Business Acquisition Report for Acquisition of Majority Interest in Dominion Lending Centres
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") announced today that it has filed its Business Acquisition Report ("BAR") in connection with the Corporation's acquisition of a 60% majority interest in Dominion Lending Centres...
Aug 17, 2016 08:31 pm ET
Founders Advantage Capital Corp. Files Business Acquisition Report for Acquisition of Majority Interest in Dominion Lending Centres
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") announced today that it has filed its Business Acquisition Report ("BAR") in connection with the Corporation's acquisition of a 60% majority interest in Dominion Lending Centres ("DLC") on June 3, 2016. The BAR is available for review on SEDAR at www.sedar.com.
Jul 19, 2016 04:51 pm ET
Founders Advantage Capital Corp. Announces New Credit Facility
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that it has entered into a commitment letter (the "Commitment Letter") with Alberta Treasury Branches ("ATB") wherein ATB has agreed to provide the Corporation a new $22 million credit facility comprised of a $17 million revolving facility ("Facility A") and a $5 million non-revolving facility ("Facility B"). The borrowings from Facility A and Facility B will be used to: (i) repay the Corporation's existing $20 million bridge loan (the "Bridge
Jul 19, 2016 04:51 pm ET
Founders Advantage Capital Corp. Announces New Credit Facility
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has entered into a commitment letter (the "Commitment Letter") with Alberta Treasury Branches ("ATB") wherein ATB has agreed to provide the...
Jul 07, 2016 07:39 pm ET
Founders Advantage Capital Corp. Announces Option Grant
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") announced today that it has granted 1,802,500 incentive stock options (the "Options") pursuant to the Corporation's Stock Option Plan (the "Plan") to certain directors, officers...
Jul 07, 2016 07:39 pm ET
Founders Advantage Capital Corp. Announces Option Grant
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") announced today that it has granted 1,802,500 incentive stock options (the "Options") pursuant to the Corporation's Stock Option Plan (the "Plan") to certain directors, officers and employees of the Corporation. The Options are exercisable at a price of $4.40 per share, the last closing price per share on the Corporation's common shares on the TSX Venture Exchange ("TSXV") on the date of the grant. The options are exercisable for a term of five years expiring on July 7, 2021 and
Jul 06, 2016 04:21 pm ET
Founders Advantage Capital Corp. Completes Equity Financings for Approximately $33 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation" or "FAC") is pleased to announce that it has completed its previously...
Jun 22, 2016 04:18 pm ET
Founders Advantage Capital Corp. Increases Size of Equity Offering
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the...
Jun 21, 2016 08:25 am ET
Founders Advantage Capital Corp. Announces C$20,000,000 "Bought Deal" Financing
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the...
Jun 20, 2016 06:41 pm ET
Founders Advantage Capital Corp. Appoints Gary Mauris to Board of Directors
Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that Gary Mauris has been appointed to the Board of Directors of the Corporation. Mr. Mauris is the President and Chief Executive Officer of Dominion...
Jun 20, 2016 06:41 pm ET
Founders Advantage Capital Corp. Appoints Gary Mauris to Board of Directors
Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to announce that Gary Mauris has been appointed to the Board of Directors of the Corporation. Mr. Mauris is the President and Chief Executive Officer of Dominion Lending Centres ("DLC") and will be considered a non-independent director as the Corporation has recently acquired a 60% interest in DLC.
Jun 03, 2016 01:50 pm ET
Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in Dominion Lending Centres
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has completed its previously announced...
May 20, 2016 07:42 pm ET
Founders Advantage Capital Corp. Announces Executive Appointment
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that Darren Prins has been appointed Chief Financial...
May 16, 2016 04:28 pm ET
FCF Capital Inc. Announces Shareholder Meeting Results, Including Approval of Name Change and Share Consolidation
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FCF Capital Inc. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that at the annual and special meeting of its shareholders held today,...
May 13, 2016 03:11 pm ET
IIROC Trading Resumption - FCF
VANCOUVER, May 13, 2016 /CNW/ - Trading resumes in:
May 13, 2016 09:13 am ET
FCF Capital Inc. Signs Purchase Agreement to Acquire a Majority Interest in Dominion Lending Centres
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FCF Capital Inc. (TSX VENTURE:FCF) (the "Corporation" or "FCF") is pleased to announce that it has entered into an arm's length purchase...
May 13, 2016 08:55 am ET
IIROC Trading Halt - FCF
VANCOUVER, May 13, 2016 /CNW/ - The following issues have been halted by IIROC:
Apr 25, 2016 08:00 am ET
FCF Capital Inc. Announces Executive Appointment
FCF Capital Inc. (TSX VENTURE: FCF) (the "Corporation" or "FCF Capital") is pleased to announce James Bell has been appointed General Counsel and Corporate Secretary of the Corporation. Mr. Bell is a corporate and securities lawyer with over 15 years of experience. Mr. Bell has served as General Counsel for Olympia Financial Group Inc. and its wholly-owned subsidiary Olympia Trust Company (a non-deposit taking trust company) for the last six years and was a partner of an international law firm prior thereto. In addition, Mr. Bell serves as a director of Paramount
Apr 25, 2016 07:58 am ET
FCF Capital Inc. Announces Executive Appointment
FCF Capital Inc. (TSX VENTURE:FCF) (the "Corporation" or "FCF Capital") is pleased to announce James Bell has been appointed General Counsel and Corporate Secretary of the Corporation. Mr. Bell is a corporate and securities lawyer with over 15 years...
Apr 18, 2016 08:15 am ET
FCF Capital Inc. Announces Annual and Special Meeting of Shareholders and Director Appointments
FCF Capital Inc. (TSX VENTURE: FCF) (the "Corporation" or "FCF Capital") is pleased to announce that it will hold an annual and special meeting of its shareholders on May 16, 2016 (the "Meeting") for the purpose of: (i) receiving and considering the annual financial statements of the Corporation; (ii) electing the board of directors of the Corporation (the "Board"); (iii) appointing the auditors of the Corporation for the ensuing year and authorizing the Board to fix the remuneration of the auditors; (iv) ratifying the amended and restated by-laws of