July 07, 2016 19:39 ET
CALGARY, ALBERTA--(Marketwired - July 7, 2016) - 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 will vest one-third immediately and one-third on the first and second anniversary dates from the date of grant, or as otherwise required by the TSXV. The grant is subject to regulatory approval.
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. 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 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".
For further information please refer to the Corporation's website at www.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.
Stephen ReidChief Executive Officer403email@example.comDarren PrinsChief Financial Officer403-455-9660, ext. firstname.lastname@example.orgJames BellGeneral Counsel403-455-9660, ext. email@example.com
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