Founders Advantage Capital Corp. Announces C$20,000,000 "Bought Deal" Financing

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Founders Advantage Capital Corp. Announces C$20,000,000 "Bought Deal" Financing

CALGARY, ALBERTA--(Marketwired - June 21, 2016) -


Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Company") is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and TD Securities Inc. as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the "Underwriters") to purchase, on a bought deal private placement basis, 5,000,000 common shares of the Company at a price of C$4.00 per common share, for aggregate gross proceeds of C$20,000,000. The Company has also granted to the Underwriters an over-allotment option to purchase an additional 750,000 common shares at the same price, exercisable by the Underwriters for a period of up to two days prior to closing for additional gross proceeds of up to C$3,000,000.

In addition, the Company will proceed with an offering of up to 2,000,000 common shares at a price of C$4.00 per share via a non-brokered private placement for gross proceeds of up to $8,000,000.

The Company plans to use the net proceeds of this financing in furtherance of the Company's business plan to acquire interests in private businesses, and for working capital requirements and general corporate purposes.

The offering is scheduled to close on or about July 6, 2016, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under this offering will be offered by way of private placement exemptions in all the provinces of Canada, and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The common shares will be subject to a customary four month hold period under Canadian securities laws.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

About Founders Advantage Capital Corp.

Founders Advantage Capital Corp. is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a passive and permanent investment approach. The Company has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing majority interest acquisitions of cash flow positive middle-market privately held entities. The Company seeks to win mandates by appealing to the segment of the market which is not aligned with traditional Private Equity control, royalty monetizations or related structures. The Company's innovative platform offers disproportionate incentives (contractually) for growth in favour of our partner entrepreneurs. This unique platform is designed to appeal to entrepreneurs who believe in the growth of their businesses and who want the added ability to maintain operational control with a long-term and passive partner.

The Company's shares are listed on the TSX Venture Exchange under the symbol "FCF".

For further information please refer to the Company's website at

Founders Advantage Capital Corp.
Stephen Reid
President and Chief Executive Officer

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).