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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.   

Mr. Sykora is a lawyer, Chartered Professional Accountant and experienced executive who brings a focus of corporate governance and financial discipline.  Mr. Sykora currently serves as a director of Questerre Energy Corporation, an energy company listed on the TSX and Norway Stock Exchange.  Mr. Sykora served as a senior executive with High Arctic Energy Services (an energy services company listed on the TSX) from April 2007 to July 2014 in various roles including as Chief Executive Officer and Executive Vice President and General Counsel and served on the Board of Directors until November 2016.  Prior to that, he spent 10 years as a senior corporate executive and 15 years as a lawyer and Chartered Accountant with Felesky Flynn LLP and Ernst & Young LLP, specializing in tax planning.  Mr. Sykora is a member of both the Law Society of Alberta and the Chartered Professional Accountants of Alberta.

Stephen Reid, President and Chief Executive Officer of the Corporation commented: “We are delighted that Dennis Sykora has agreed to join our Board of Directors and expect his extensive business, financial and leadership experience will be of significant benefit to both our Board and management team.”

Mr. Sykora is considered “independent” pursuant to applicable securities laws.   

About Founders Advantage Capital Corp.

The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a long-term investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing controlling interest acquisitions of cash flow positive, premium middle-market privately-held entities. The Corporation 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 Corporation's innovative platform offers 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 continue to manage the business with a long-term partner.

The Corporation's common shares are listed on the TSX Venture Exchange under the symbol “FCF”.

For further information please refer to the Corporation's website at www.advantagecapital.ca.

Contact information for the Corporation is as follows:

Stephen Reid
Chief Executive Officer
403-540-5411
sreid@advantagecapital.ca
 Amar Leekha
Senior Vice President
403-455-6671
aleekha@advantagecapital.ca
James Bell
Chief Operating Officer
403-455-2218
jbell@advantagecapital.ca

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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