CALGARY, ALBERTA–(Marketwired – May 20, 2016) –
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 Officer of the Corporation. Mr. Prins will join the Corporation upon fulfilling his obligations to his current employer and upon relocating from Vancouver to Calgary (anticipated to be early June, 2016).
Mr. Prins is a Chartered Professional Accountant with extensive experience in financial reporting, auditing, risk management, budgeting and forecasting, as well as international tax planning. Most recently, Mr. Prins served as Chief Financial Officer for Timmins Gold Corp, a gold mining company with operating and development assets in Mexico, listed on both the TSX and NYSE exchanges, where he had significant involvement with acquisitions and financing transactions. While completing his Chartered Accountant designation with Ernst & Young, Mr. Prins worked in a variety of industries, with a specialization in financial services. Mr. Prins graduated from Simon Fraser University with a Bachelor of Business Administration (Finance Major) in 2004.
Further, we are also pleased to report that Michael Matishak, the Corporation’s current Chief Financial Officer until May 31, 2016, will be continuing with the Corporation’s finance team as Senior Vice President, Special Projects. Stephen Reid, President and Chief Executive Officer commented: “We are fortunate to be able to attract and hire a CFO having Darren’s knowledge and public company experience and are equally fortunate to retain Mike as a valuable member of our finance team as we continue to grow our business.”
About Founders Advantage Capital Corp.
The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a passive and permanent investment approach. The Corporation 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. FA Capital 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 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 Corporation’s common shares are listed on the TSX Venture Exchange under the symbol “FCF”.
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.