Team

Management

Founders Advantage Capital Corp. Announces Letter of Intent to Acquire
 Full Ownership of Dominion Lending Centres; Announces Management Changes

Founders Advantage Capital Corp. Declares Quarterly Dividend; Provides Update on Review Process and Management Change

Founders Advantage Releases Q2 2018 Results

Founders Advantage Capital Corp. Initiates Strategic Review Process

Calgary, Alberta – August 8, 2018 – (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 of independent members of the Board of Directors (the “Special Committee”) to consider the various alternatives potentially available to the Corporation.

Kingsley Ward, Chairman of the Special Committee notes: “The Corporation is financially sound (even paying a quarterly dividend) and its four investments continue to perform as expected.  As such, the Board of Directors believes our common shares are undervalued and that it is time to consider all alternatives to maximize shareholder value.”

Management and the Board of Directors are committed to acting in the best interests of the Corporation and its shareholders and believe the strategic review is in the best interests of the Corporation and its shareholders.

The Corporation does not intend to set a definite schedule to complete its evaluation or process and cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.  The Corporation does not plan to disclose or comment on developments regarding the strategic review until further disclosure is deemed appropriate.

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:

James Bell
General Counsel
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.

Founders Advantage Capital Corp. Provides Update on Dominion Lending Centres Q2 Funded Mortgage Volumes

Calgary, Alberta – July 18, 2018 – (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 billion, respectively, compared to funded mortgage volumes of $8.548 billion and $15.318 billion for the three and six months ended June 30, 2017.  The Corporation owns a 60% interest in DLC, which is the largest mortgage brokerage firm (by volume) in Canada.

Stephen Reid, President and CEO commented: “DLC continues to surpass our expectations in today’s real estate market as they had a great start to the year in Q1 and continued that momentum into Q2.  Q2-18 funded mortgage volumes are up 7.6% when compared with the same period in 2017.  Management believes that these results demonstrate the resilience of the DLC franchise.”

The following figure highlights DLC’s quarterly and YTD funded mortgage volumes in 2018 (quarterly funded mortgage volumes are seasonal as they are based on the seasonal trends in the housing market):

 

  2017 2018 Variance (%) Variance ($)
Q1 – Funded Volumes $6,769,244,000 $7,014,054,000 +3.6% +$244,810,000
Q2 – Funded Volumes $8,548,385,000 $9,199,837,000 +7.6% +$651,452,000
6-Months Funded Volumes $15,317,629,000 $16,213,891,000 +5.9% +$896,262,000

 

The Corporation anticipates releasing its consolidated financial results for the three and six months ended June 30, 2018 on or about August 21, 2018.

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:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@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.

Founders Advantage Capital Corp. Announces Approval of Normal Course Issuer Bid

Calgary, Alberta – June 27, 2018 – 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 bid will be for a 12 month duration, commencing on June 27, 2018 and ending on June 26, 2019.

Pursuant to the notice of intention filed with the Exchange, the Corporation intends to purchase for cancellation, through the facilities of the Exchange and at the market price of the Corporation’s common shares (“Common Shares”) at the time of purchase, up to 2,250,000 Common Shares, representing approximately 5.9% of the Corporation’s issued and outstanding Common Shares. The member who will conduct the normal course issuer bid on behalf of the Corporation is National Bank Financial Inc. (“NBF”). The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by the Corporation and will be made in accordance with the requirements of the Exchange.

Management of the Corporation believes that the present trading price of the Common Shares of the Corporation is at a significant discount to a figure which is reflective of the Corporation’s value as a whole. This being the case, management is of the view that it is in the best interests of all shareholders of the Corporation that, from time to time, Common Shares be acquired by the Corporation and returned to treasury, thus increasing the Corporation’s value per Common Share for remaining shareholders.

The Corporation will enter into a pre-defined plan with NBF to allow for the purchase of Common Shares by the Corporation at times when it ordinarily would not be active in the market due to internal trading blackout periods.

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:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@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.

 

 

Founders Advantage Capital Corp. Comments on Recent Trading; Announces Intention to Implement Normal Course Issuer Bid and Dividend Reinvestment Plan

Calgary, Alberta – June 19, 2018 – (TSX-V: FCF) – In light of the recent share price decline, Founders Advantage Capital Corp. (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 office.  As the Corporation’s management does not believe the current trading price of the Corporation’s shares properly reflects the inherent value of the Corporation’s investments, the Corporation intends to implement a normal course issuer bid (“NCIB”) to acquire shares for the benefit of all shareholders.  Further, the Corporation also intends on implementing a dividend reinvestment plan (“DRIP”) to make it easier for existing shareholders to reinvest their quarterly dividends in the Corporation’s shares.

As the market is currently valuing the Corporation significantly below the value of the capital deployed, and given the performance of the Corporation’s investments, the Corporation believes that implementing an NCIB is in the best interest of all shareholders.  Stephen Reid, President and CEO commented: “We’ve made four strong investments for aggregate consideration of $145.6 million.  Net of corporate debt, the Corporation has deployed in excess of $94.5 million in equity or approximately $2.48 per share, without any consideration for portfolio growth or our transaction pipeline.  At these prices, acquiring our own shares is an easy investment decision.”

Prior to trading in the Corporation’s shares, investors are encouraged to review the Corporation’s interim and annual financial statements and associated management’s discussion and analysis to understand the Corporation’s financial position.

The NCIB remains subject to approval by the TSX Venture Exchange and the Corporation’s lender.  Further details regarding the NCIB and the DRIP will be made available in subsequent news releases.

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:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@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.

Founders Advantage Capital Corp. Declares Quarterly Dividend

Calgary, Alberta – June 15, 2018 – 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, 2018 to shareholders of record as at the close of trading on June 29, 2018.  The shares will commence trading on an ex-dividend basis on the opening of trading on June 28, 2018.

The Corporation advises that the dividend to be paid on the common shares is designated as a “non-eligible dividend” for Canadian income tax purposes.

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:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@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.

Founders Advantage Releases Q1 2018 Results

Founders Advantage Releases 2017 Q4 and Annual Results

Founders Advantage Capital Corp. Declares Quarterly Dividend

Calgary, Alberta – March 15, 2017 – 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 share.  The dividend will be payable on April 11, 2018 to shareholders of record as at the close of trading on March 30, 2018.

The shares will commence trading on an ex-dividend basis on the opening of trading on March 28, 2018 (not March 29, 2018 as previously announced) as the TSXV is closed for trading on Friday, March 30, 2018.

The Corporation advises that the dividend to be paid on the common shares is designated as an “eligible dividend” for Canadian income tax purposes.

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:

Amar Leekha
Senior Vice-President, Capital Markets
403-455-6671
aleekha@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.

Dominion Lending Centres Group is Canada’s Largest Mortgage Broker by Volume in 2017

Calgary, Alberta – February 23, 2018 – 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 based on total mortgage volumes.

Gary Mauris, President of DLC commented: “We are very proud of our entire broker network for their efforts in 2017.  With the changing mortgage marketplace in Canada, we believe more Canadians are recognizing the benefits of using a DLC mortgage broker to buy a home or refinance their existing home.  As getting a mortgage becomes more difficult, more and more Canadians are turning to DLC for support in financing what is likely the largest and most important purchase of their lives.”

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.

Founders Advantage Capital Corp. Appoints Independent Director

Calgary, Alberta – January 25, 2018 – 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.

Club16 Trevor Linden Fitness to Open New South Surrey Location

Calgary, Alberta – January 23, 2018 – 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 Surrey, British Columbia on Friday, January 26, 2018.  The new club will replace an existing (smaller) She’s Fit club in South Surrey which was 7,800 sq. ft.  The new club is located at the Grandview Central Shopping Centre at #135 – 16050 24 Avenue, South Surrey and will accommodate up to 8,000 members.

In addition to the new club opening, Club16 is pleased to announce that it will be expanding its personal training across additional locations in 2018.  Club16 offered personal training at three locations in 2017 and, based on the strong demand, management believes it will be well received at other clubs.

Chuck Lawson, President of Club16 commented: “We are pleased to report the opening of the new South Surrey location.  Pre-registration demand has exceeded our expectations, and we expect this location to ramp up quickly as it is an excellent facility.”

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.

Founders Advantage Capital Corp. Announces Chief Financial Officer; Appoints New Director

Calgary, Alberta – December 22, 2017 – 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 will replace Ron Gratton, a current board member who has served as Interim CFO since July, 2017.  In addition, the Corporation is also pleased to announce that Chris Kayat has been appointed to the Corporation’s Board of Directors.

Stephen Reid, President and Chief Executive Officer of the Corporation commented: “We are pleased we committed the time and effort to an extensive CFO search as it has resulted in the Corporation adding a very talented individual.  Melanie brings a wealth of management experience and financial knowledge and we are delighted that she has agreed to join our team in March.  We are also greatly appreciative of Ron Gratton’s contributions to the Corporation over the last six months in leading the executive search and serving as Interim CFO.”

As for the addition of Mr. Kayat to the Board of Directors, Mr. Reid noted: “We are truly fortunate to have a Board of Directors comprised of intelligent and experienced individuals.  Chris is a serial entrepreneur with a strong network of business owners across the country, a co-founder of DLC, a significant shareholder of the Corporation and is sure to be a leader on our Board.  We appreciate Chris committing to serve on our Board and look forward to his many contributions.”

Please see below for biographies on Melanie Litoski and Chris Kayat.

Melanie Litoski – Ms. Litoski is a Chartered Professional Accountant with over 15 years’ experience in a variety of industries including transportation, utilities, financial services and retail. Ms. Litoski’s prior roles have included Vice President, Controller for Dollar Financial Group (2014 – present) which operates a network of more than 800 alternative financial services locations across North America; Vice President, Finance and Controller for ENMAX Corporation (2008 – 2014), a Calgary-based utility company; Chief Financial Officer of First Canada, a Canadian transportation company (2005 – 2008); Controller of RST Industries (2001-2005), a division of JD Irving.

Ms. Litoski holds a Bachelor of Commerce Degree from the University of Alberta and became a qualified Chartered Accountant in 1997.  She served as Audit Manager with KPMG LLP before transitioning into private industry in 2001.  In addition to holding executive roles, Ms. Litoski has several years’ experience teaching accounting, tax and management courses at the University of New Brunswick and the Chartered Professional Accountants of Alberta. She has also had reoccurring speaking engagements with the Strategy Institute and Federated Press on accounting and leadership topics.

Ms. Litoski is also an active volunteer holding positions with Financial Executives International, Canadian Women’s Foundation, Airdrie Minor Hockey Association, Wear-2-Start Victoria, Victoria Sexual Assault Centre and Airdrie POWER and has mentored young women through the Institute of Chartered Accountants of Alberta’s Mentorship Program and the University of Calgary School Business Mentorship Program.

Chris Kayat – Mr. Kayat is the co-founder and Executive VP of Dominion Lending Centres (DLC).  Prior to co-founding DLC, he was the largest Royal LePage owner in Western Canada by market share and overall agent count before selling such franchises to Royal LePage Corporate in 2014 to focus on growing DLC.  Before acquiring his real estate companies in 1997, Mr. Kayat was one of the most productive realtors in British Columbia.  While owning his real estate business, he owned and operated a productive mortgage brokerage which became DLC’s first franchise.  In addition to an impressive professional career, Mr. Kayat has undertaken many community and social initiatives, such as co-founding “Bikes for Kids” and serving as the President of the North Coquitlam United Soccer Club.

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
SVP, Capital Markets
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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