News Releases: 2024

Dominion Lending Centres Inc. Completes Acquisition of Preferred Shares and Related Transactions

December 17, 2024

Vancouver, British Columbia – December 17, 2024 – Dominion Lending Centres Inc. (TSX: DLCG) (“DLCG” or the “Corporation”) is pleased to announce it has completed the acquisition (the “Acquisition”) of all of the issued and outstanding non-voting Series 1 Class B preferred shares of the Corporation (the “Series 1 Preferred Shares”) from one or more companies controlled by Gary Mauris, […]

Dominion Lending Centres Inc. Receives Shareholder Approval for Acquisition of Preferred Shares and Related Transactions

December 3, 2024

Vancouver, British Columbia – December 3, 2024 – Dominion Lending Centres Inc. (TSX: DLCG) (“DLCG” or the “Corporation”) is pleased to announce the following results from its special meeting (the “Meeting”) of holders (the “Shareholders”) of Class A common shares (“Common Shares”) held earlier today: In respect of an ordinary resolution (the “Acquisition Resolution”), as more particularly set out in […]

Velocity Achieves SOC 2 Type 2 Certification; DLCG Announces Management Change

November 21, 2024

Vancouver, British Columbia – November 21, 2024 – Dominion Lending Centres Inc. (TSX: DLCG) (“DLCG” or the “Corporation”) is pleased to announce that Newton’s proprietary connectivity platform Velocity has achieved Service Organization Control 2 Type 2 (“SOC 2 Type II”) certification.  Gary Mauris notes: “SOC 2 Type II certification is a significant milestone for Velocity that demonstrates our ongoing commitment […]

DLC Releases Q3-2024 Results; Achieves $19.7 Billion in Funded Volumes for Q3-2024 (11% Increase over Prior Year)

November 5, 2024

Vancouver, British Columbia – November 5, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three (“Q3-2024”) and nine months ended September 30, 2024. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated November 5, 2024 and are available […]

Dominion Lending Centres Inc. Announces Third Quarter 2024 Earnings Release Date

October 22, 2024

Vancouver, British Columbia – October 22, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it will release its third quarter financial results for the three and nine months ended September 30, 2024, on November 5, 2024, after the market close. About Dominion Lending Centres Inc. Dominion Lending Centres Inc. is Canada’s leading […]

Dominion Lending Centres Inc. Enters into Acquisition Agreement to Acquire All Issued and Outstanding Series I Class “B” Preferred Shares

October 2, 2024

Vancouver, British Columbia – October 2, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has entered into an acquisition agreement (the “Acquisition Agreement”) with KayMaur Holdings Ltd. (“KayMaur”) and certain minority holders to acquire (the “Proposed Acquisition”) all of the issued and outstanding non-voting series I class “B” preferred shares of […]

DLC Releases Q2-2024 Results; Achieves $16.9 Billion in Funded Volumes for Q2-2024 (14% Increase over Prior Year)

August 7, 2024

Vancouver, British Columbia – August 7, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three (“Q2-2024”) and six months ended June 30, 2024. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated August 7, 2024 and are available […]

Dominion Lending Centres Inc. Receives Notice of Inquiry Discontinuance from Competition Bureau

June 20, 2024

Vancouver, British Columbia – June 20, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) has received a Notice of Inquiry Discontinuance from the Competition Bureau.  In May 2023, the Corporation received a court order to produce certain documents, records and data in connection with an inquiry by the Competition Bureau.  The Notice of Inquiry Discontinuance dated June […]

DLC Releases Q1-2024 Results; Achieves 14% Increase In Funded Volumes Of $11.2 Billion For Q1-2024

May 7, 2024

Vancouver, British Columbia – May 7, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2024 (“Q1-2024”). For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated May 7, 2024 and are available on SEDAR+ […]

Dominion Lending Centres Inc. Announces Sale of its Interest in Impact Communications

April 25, 2024

Vancouver, British Columbia – April 25, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has completed a sale of its 52% interest in Cape Communications International Inc. (“Impact”) for aggregate cash proceeds of $3.71 million (the “Purchase Price”) to Impact management (the “Purchaser”).  The Corporation will use the cash proceeds from […]

DLC Releases Annual 2023 Results; Achieves Annual Funded Volumes of $56.5 Billion

March 19, 2024

 Vancouver, British Columbia – March 19, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2023 (“Q4-2023” and “annual”, respectively). For complete information, readers should refer to annual audited consolidated financial statements, management discussion and analysis (“MD&A”) and annual information form (“AIF”) […]

Dominion Lending Centres Inc. Announces New President of Mortgage Architects

February 23, 2024

Vancouver, British Columbia – February 23, 2024 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce Mike De Eyre as the incoming President of DLCG’s wholly-owned subsidiary MA Mortgage Architects Inc. (“MA”) effective April 1, 2024. The current President of MA, Dustan Woodhouse, has advised of his intention to focus on Be The Better Broker […]

Dominion Lending Centres Inc. Announces Management Changes

December 7, 2023

Vancouver, British Columbia – December 7, 2023 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that its Board of Directors has approved certain management changes to promote operational efficiency and collaboration.  Eddy Cocciollo, current Co-President of the Corporation, has been appointed the President of the DLC Group of Companies (“DLC Group”). James Bell, current […]

DLC Releases Q3-2023 Results; YTD Funded Volumes of $42.3 Billion; Management Change

November 7, 2023

 Vancouver, British Columbia – November 7, 2023 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three (“Q3-2023”) and nine months ended September 30, 2023. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated November 7, 2023 and available on […]

DLC Releases Q2-2023 Results; YTD Funded Volumes of $24.6 Billion

August 9, 2023

 Vancouver, British Columbia – August 9, 2023 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended June 30, 2023 (“Q2-2023”) and six months ended June 30, 2023. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated August […]

Dominion Lending Centres Renews Normal Course Issuer Bid and Automatic Share Purchase Plan

May 25, 2023

VANCOUVER, British Columbia, May 25, 2023 — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Company”) announced today that the Toronto Stock Exchange (TSX) has approved the Company’s new normal course issuer bid (NCIB) to purchase, for cancellation, up to 1,000,000 of its outstanding class “A” common shares (Common Shares”). Purchases under the NCIB may be made through the facilities […]

DLC Releases Annual 2022 Results; Achieves Annual Funded Volumes of $70.6 Billion

March 28, 2023

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2022 (“Q4-2022” and “annual”, respectively). For complete information, readers should refer to the annual audited consolidated financial statements, management discussion and analysis (“MD&A”) and annual information form (“AIF”) which are dated […]

DLC Releases Q3-2022 Results; Achieves YTD Funded Volumes of $56.8 Billion

November 10, 2022

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended September 30, 2022 (“Q3-2022”) and nine months ended September 30, 2022. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com and […]

Dominion Lending Centres Inc. Announces Sale of its Intertest in Club16 Fitness

August 31, 2022

Vancouver, British Columbia – August 31, 2022 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has completed a sale of its 58.4% interest in Club16 Limited Partnership (“Club16”) for aggregate gross proceeds of $18.0 million (the “Purchase Price”) to Club16 management (the “Purchaser”).  The Purchase Price is comprised of: (i) a cash […]

DLC Releases Q2-2022 Results; Achieves Funded Volumes of $21.4 Billion

August 10, 2022

 Vancouver, British Columbia – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended June 30, 2022 (“Q2-2022”) and six months ended June 30, 2022. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com and […]

Dominion Lending Centres Establishes Automatic Share Purchase Plan

June 14, 2022

Vancouver, British Columbia – June 14, 2022 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLC” or the “Corporation”) today announced that, in connection with its previously announced normal course issuer bid (“NCIB”) to purchase up to 1,200,000 of its class “A” common shares (“Common Shares”), it recently entered into an automatic share purchase plan (“ASPP”) with the designated broker responsible for […]

DLC Releases Q1-2022 Results; Achieves Record Q1 Funded Volumes & Revenue

May 11, 2022

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2022 (“Q1-2022”). For complete information, readers should refer to the interim financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.dlcg.ca. All […]

DLC Releases Annual Results; Achieves Record Annual Funded Volumes Over $78 Billion

March 29, 2022

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2021 (“Q4-2021” and “annual”, respectively). For complete information, readers should refer to the annual audited consolidated financial statements, management discussion and analysis (“MD&A”) and annual information form (“AIF”) which are available […]

Dominion Lending Centres Enters Agreement to Acquire Remaining 30% of Newton Connectivity Systems

February 16, 2022

Vancouver, British Columbia – February 15, 2022 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLC” or the “Corporation”) is pleased to announce that it has entered into a purchase agreement with Next4 Holdings Inc. (“Next4”) to acquire the remaining 30% of 10017078 Canada Inc. (“Newton Holdco”) that DLC does not already own (the “Newton Acquisition”) for an aggregate purchase price of […]

DLC Announces Record Annual Funded Mortgage Volumes of over $78 Billion; Provides Preliminary 2021 Results

February 7, 2022

Calgary, Alberta – February 7, 2022 – Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce record annual funded mortgage volumes of $78.5 billion in 2021, an increase of 52% over the prior year (2020 – $51.5 billion). Gary Mauris, Executive Chairman and Chief Executive Officer of the Corporation, commented:  “We are extremely proud to report […]

Dominion Lending Centres Receives Final Approval to Graduate to Toronto Stock Exchange

February 1, 2022

Vancouver, British Columbia – February 1, 2022 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLC” or the “Corporation”) is pleased to announce that it has received final approval from Toronto Stock Exchange (“TSX”) to graduate from the TSX Venture Exchange (the “TSXV”) and list its class “A” common shares (the “Shares”) on the TSX. The Shares will commence trading on the […]

Dominion Lending Centres Receives Conditional Approval to List Common Shares on Toronto Stock Exchange

January 19, 2022

Vancouver, British Columbia – January 19, 2022 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLC” or the “Corporation”) is pleased to announce that it has received conditional approval to list its class “A” common shares (“Common Shares”) on the Toronto Stock Exchange (the “TSX”) and graduate from the TSX Venture Exchange (“TSXV”). Gary Mauris, Chairman and Chief Executive Officer of the […]

Dominion Lending Centres Announces Final Results of its Substantial Issuer Bid

January 11, 2022

Vancouver, British Columbia – January 11, 2022 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLC” or the “Corporation”) today announced the final results of its substantial issuer bid to purchase for cancellation up to 3,000,000 of its outstanding common shares (“Shares”) at a price of $3.75 per Share (the “Purchase Price”), for an aggregate purchase price not to exceed $11,250,000 (the […]

Dominion Lending Centres Announces Closing of Credit Facilities

December 22, 2021

Vancouver, British Columbia – December 22, 2021 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLC” or the “Corporation”) is pleased to report that it has closed its new credit facilities with Toronto-Dominion Bank, the terms of which were previously announced by the Corporation on November 29, 2021.   The credit facilities are comprised of three senior term credit facilities (collectively, the “Senior […]

Dominion Lending Centres Announces Intention to Commence Substantial Issuer Bid; Announces Plan to Restructure Credit Facilities

November 29, 2021

Vancouver, British Columbia – November 29, 2021 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLC” or the “Corporation”) today announced its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Corporation will offer to purchase for cancellation up to 3,000,000 of its outstanding common shares (the “Shares”) at a purchase price of $3.75 per Share in cash […]

DLC Releases Q3-2021 Results; Achieves Over $75 Billion in Funded Mortgage Volumes for the Twelve Months Ending September 30, 2021

November 16, 2021

 Vancouver, British Columbia – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three and nine months ended September 30, 2021 (“Q3-2021”). For complete information, readers should refer to the interim financial statements and management discussion and analysis (“MD&A”) which are available on SEDAR at www.sedar.com and on the Corporation’s website […]

DLC Releases Q2-2021 Results; Achieves $35.3 Billion in Funded Volumes YTD, Representing a 77% Increase Over the Prior Year

August 23, 2021

DLC Releases Q2-2021 Results; Achieves $35.3 Billion in Funded Volumes YTD, Representing a 77% Increase Over the Prior Year Vancouver, British Columbia – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three and six months ended June 30, 2021 (“Q2-2021”).  For complete information, readers should refer to the interim financial statements and management […]

DLC Releases Q1-2021 Results; Achieves Record Q1 Funded Volumes, Revenue & Adjusted EBITDA

May 25, 2021

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2021 (“Q1-2021”). For complete information, readers should refer to the interim financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.dlcg.ca. All amounts are presented in Canadian dollars […]

DLC Further Expands Velocity’s Reach with Lender Agreements

May 17, 2021

Vancouver, British Columbia – May 17, 2021 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report that its subsidiary Newton Connectivity Systems Inc. (“Newton”) has successfully added Desjardins Bank for submission from Velocity. As Desjardins is one of the leading lenders in Quebec, adding them as a submission lender will enhance the adoption of Velocity with our […]

True North Mortgage Selects DLC’s Newton as Connectivity Provider

April 29, 2021

Vancouver, British Columbia – April 29, 2021 – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that True North Mortgage has selected Newton Connectivity Systems Inc. (“Newton”) as its broker submission and connectivity platform.  With over 100 agents across the country, True North Mortgage team has annual funded mortgage volumes exceeding $3 billion.    Gary Mauris, Executive Chairman and […]

DLC Releases Annual Results; Achieves Record Annual Funded Volumes Over $51 billion

April 22, 2021

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months and year ended December 31, 2020 (“Q4-2020” and “annual”, respectively). For complete information, readers should refer to the audited consolidated financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.dlcg.ca. All […]

DLC Signs Mortgage Connection as new Franchisee

April 14, 2021

Vancouver, British Columbia – Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has entered into a franchise agreement with Mortgage Connection Ltd. (“Mortgage Connection”).  Mortgage Connection has over 50 mortgage professionals throughout the Province of Alberta.  In fiscal 2020, Mortgage Connection originated ~$850 million in funded mortgages.  Mortgage Connection is led Josh Higgelke, Robby Aurora and Joe Jacobs, […]

Founders Advantage Announces Name Change to “Dominion Lending Centres Inc.” and New Trading Symbol (TSXV: DLCG); Launches New Corporate Website

January 6, 2021

Founders Advantage Announces Name Change to “Dominion Lending Centres Inc.” and New Trading Symbol (TSXV: DLCG); Launches New Corporate Website  Vancouver, British Columbia – January 6, 2021 – Founders Advantage Capital Corp. is pleased to announce that it has changed its name to “Dominion Lending Centres Inc.” (“DLC” or the “Corporation”) and its class A common shares will trade under the […]

Founders Advantage Completes Acquisition of Dominion Lending Centres, Name Change and Corporate Reorganization

January 1, 2021

Calgary, Alberta – January 1, 2021 – Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that it has completed its acquisition (the “Acquisition”) of all of the limited partnership units of Dominion Lending Centres Limited Partnership (“DLC LP”) that the Corporation did not otherwise own in exchange for an aggregate of 26,774,054 non-voting series 1 […]

Founders Advantage Capital Corp. Initiates Strategic Review Process

August 8, 2018

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 […]

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

July 18, 2018

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 […]

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

June 19, 2018

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 […]

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

February 23, 2018

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 […]

Founders Advantage Capital Corp. Appoints Independent Director

January 25, 2018

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 […]

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

December 22, 2017

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 […]

Founders Advantage Releases Q3 2017 Results; Revenue and Earnings Increase for the Fourth Consecutive Quarter; Provides 2018 Outlook

November 27, 2017

Calgary, Alberta – November 27, 2017 – Founders Advantage Capital Corp. (TSXV: FCF) (the “Corporation”) is pleased to report its financial results for the three months and nine months ended September 30, 2017 (“Q3 2017”). Readers should refer to the interim condensed consolidated financial statements and management discussion and analysis (“MD&A”) for complete information, which are available on SEDAR at […]

Founders Advantage Capital Corp. Completes Acquisition of a 50% Interest in Astley Gilbert Limited

October 31, 2017

Calgary, Alberta – October 31, 2017 – Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has completed its previously announced acquisition of a 50% interest (the “Transaction”) in Astley Gilbert Limited (“Astley Gilbert” or “AG”) for $24.7 million (the “Purchase Price”), subject to customary post-closing adjustments.  The Purchase Price was funded […]

Founders Advantage Capital Corp. Announces Fourth Acquisition – Signs Letter of Intent to Acquire a 50% Interest in Astley Gilbert Limited

October 16, 2017

Calgary, Alberta – October 16, 2017 – Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has entered into a letter of intent to acquire a 50% interest (the “Transaction”) in Astley Gilbert Limited (“Astley Gilbert” or “AG”) for $24.7 million (the “Purchase Price”), subject to customary post-closing adjustments.  The Purchase Price […]

Founders Advantage Capital Corp. Investee Entity Dominion Lending Centres Sells Non-Core Asset

August 1, 2017

Calgary, Alberta – August 1, 2017 – Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) is pleased to announce that its investee entity Dominion Lending Centres (“DLC”) has completed a sale of its 20% shareholdings in Canadiana Financial Corp. (“Canadiana”) to an arm’s length purchaser for $2.5 million cash.  DLC sought to liquidate its minority interest in Canadiana as Canadiana […]

Founders Advantage Closes CAD $100 Million Senior Secured Credit Facility with Sagard Credit Partners

June 14, 2017

CALGARY, ALBERTA–(Marketwired – June 14, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that it has closed its previously announced USD $75 million (approx. CAD $100 million) senior secured credit facility (the “Senior Facility”) with Sagard Holdings ULC (“Sagard Holdings”), pursuant to which Sagard Credit Partners will be the lender. The proceeds from the Senior […]

Founders Advantage Enters Into CAD $100 Million Senior Secured Credit Facility With Strategic Capital Provider, Sagard Credit Partners

May 31, 2017

CALGARY, ALBERTA–(Marketwired – May 31, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that it has entered into a USD $75 million (approx. CAD $100 million) senior secured credit facility (the “Senior Facility”) with Sagard Holdings ULC (“Sagard Holdings”), pursuant to which Sagard Credit Partners will be the lender. The proceeds from the Senior […]

Founders Advantage Releases Q1 2017 Results; Investee Revenues Increase Year Over Year, Earnings Reflect Normal Seasonality

May 29, 2017

CALGARY, ALBERTA–(Marketwired – May 29, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to report its financial results for the three months ended March 31, 2017 (“Q1 2017”). Readers should refer to the condensed interim consolidated financial statements and management discussion and analysis (“MD&A”) for the three months ended March 31, 2017 for complete information, which […]

Founders Advantage Capital Corp. Provides Update and Increases 2017 Guidance

May 18, 2017

CALGARY, ALBERTA–(Marketwired – May 18, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation” or “FAC”) is pleased to report the following key performance indicators for its investee entities for the three months ended March 31, 2017. The Corporation anticipates its quarterly financial statements and related management’s discussion and analysis will be filed on May 29, 2017: Dominion Lending […]

Founders Advantage Capital Corp. Announces Fiscal 2016 Results; Provides Update on Investees

May 1, 2017

CALGARY, ALBERTA–(Marketwired – May 1, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to report its financial results for the fifteen months ended December 31, 2016 (“fiscal 2016”). The comparative period is the year ended September 30, 2015 (“fiscal 2015”). Note that during fiscal 2016, the Corporation changed its year end from September 30 to December […]

Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories; Announces Increase to ATB Credit Facility

March 1, 2017

CALGARY, ALBERTA–(Marketwired – March 1, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that it has completed its previously announced acquisition of a 52% majority interest (the “Transaction”) in Cape Communications International Inc. (which operates as IMPACT Radio Accessories and is referred to herein as “IMPACT”) for a total cash purchase price of $12.0 […]

Founders Advantage Capital Corp. Reports on Transition Year; Outlines 2017 Investee Guidance; Provides Investee Updates; and Details on Analyst Coverage

January 24, 2017

CALGARY, ALBERTA–(Marketwired – Jan. 24, 2017) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation” or “FAC”) is pleased to provide the following corporate update following its first financial year with its new investment model and management team. The last twelve months have been transformational for the Corporation as it accomplished the following key milestones: Adopted a new investment model […]

Founders Advantage Capital Corp. Announces Third Acquisition – Signs Letter of Intent to Acquire a 52% Interest in IMPACT Communications

December 22, 2016

CALGARY, ALBERTA–(Marketwired – Dec. 22, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has entered into a letter of intent to acquire a 52% majority interest (the “Transaction”) in IMPACT Communications (“IMPACT”) for a cash purchase price of $12.0 million, subject to closing adjustments. After completion of the Transaction, […]

Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in CLUB16 Trevor Linden Fitness and She’s FIT! Health Clubs

December 20, 2016

CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that it has completed its previously announced acquisition of a 60% majority interest (the “Transaction”) in a limited partnership (“CLUB16 LP”) holding eight (8) Club16 Trevor Linden Fitness Clubs (“CLUB16”) and five (5) She’s FIT! Health Clubs (“She’s FIT!”) in the […]

DLC Enters Letter of Intent to Acquire Marlborough Stirling Canada Limited

December 14, 2016

CALGARY, ALBERTA–(Marketwired – Dec. 14, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation” or “FA Capital”) is pleased to announce that its subsidiary Dominion Lending Centres (“DLC”) has entered into a letter of intent to acquire all of the securities of Marlborough Stirling Canada Limited (“MSC”) for an aggregate purchase price of $5.5 million. The acquisition is expected […]

Founders Advantage Capital Corp. Announces Extension of ATB Credit Facilities

December 7, 2016

CALGARY, ALBERTA–(Marketwired – Dec. 7, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce the extension of its $17 million revolving credit facility and $5 million non-revolving credit facility with ATB Financial from December 31, 2016 to June 30, 2017. As at the date hereof, the Corporation has $5 million drawn on the non-revolving credit […]

Founders Advantage Capital Corp. Announces Letter of Intent to Acquire a 60% Interest in CLUB16 Trevor Linden Fitness and She’s FIT! Health Clubs

November 2, 2016

CALGARY, ALBERTA–(Marketwired – Nov. 2, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation” or “FA Capital”) is pleased to announce that it has entered into a letter of intent to acquire a 60% majority interest (the “Transaction”) in a limited partnership (“CLUB16 LP”) holding eight (8) Club 16 Trevor Linden Fitness Clubs (“CLUB16”) and five (5) She’s FIT! […]

DLC President Gary Mauris Inducted into the Canadian Mortgage Hall of Fame

October 21, 2016

CALGARY, ALBERTA–(Marketwired – Oct. 21, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is proud to report that Gary Mauris, President of Dominion Lending Centres and director of the Corporation, is being inducted into the Canadian Mortgage Hall of Fame in Vancouver on November 28, 2016. The Canadian Mortgage Hall of Fame was created by Mortgage Professionals Canada […]

DLC Comments on New Mortgage Rules; Announces Increased Credit Facility to Fund Growth Initiatives

October 13, 2016

CALGARY, ALBERTA–(Marketwired – Oct. 13, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) owns a 60% interest in Dominion Lending Centres (“DLC”). With the recent changes to the mortgage rules by the Federal Government, we have asked DLC to comment on the new rules and the anticipated effect on DLC. DLC is not a lender and does not […]

DLC Adopts Monthly Cash Distribution Policy

September 26, 2016

CALGARY, ALBERTA–(Marketwired – Sept. 26, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that the Board of Directors of Dominion Lending Centre Group of Companies (“DLC”) has resolved to distribute $900,000 of monthly cash distributions to its securityholders commencing in October, 2016. As the Corporation holds a 60% interest in DLC, the Corporation anticipates […]

Founders Advantage Capital Corp. Files Annual Information Form

September 12, 2016

CALGARY, ALBERTA–(Marketwired – Sept. 12, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that it has filed its Annual Information Form on SEDAR. The Annual Information Form contains disclosure on the Corporation and on Dominion Lending Centre Group of Companies (of which the Corporation holds a 60% interest). About Founders Advantage Capital Corp. The […]

Founders Advantage Capital Corp. Changes Financial Year End

September 8, 2016

CALGARY, ALBERTA–(Marketwired – Sept. 8, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) wishes to announce that, effective in 2016, its financial year-end will be changed from September 30 to December 31 to align the Corporation’s year end with the year-ends of its investee subsidiaries and peer group. Management anticipates this will simplify accounting and reduce costs and […]

Founders Advantage Capital Corp. Files Business Acquisition Report for Acquisition of Majority Interest in Dominion Lending Centres

August 18, 2016

CALGARY, ALBERTA–(Marketwired – Aug. 17, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation“) announced today that it has filed its Business Acquisition Report (“BAR”) in connection with the Corporation’s acquisition of a 60% majority interest in Dominion Lending Centres (“DLC”) on June 3, 2016. The BAR is available for review on SEDAR at www.sedar.com. As prescribed by applicable […]

Founders Advantage Capital Corp. Announces New Credit Facility

July 19, 2016

CALGARY, ALBERTA–(Marketwired – July 19, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation”) is pleased to announce that it has entered into a commitment letter (the “Commitment Letter”) with Alberta Treasury Branches (“ATB”) wherein ATB has agreed to provide the Corporation a new $22 million credit facility comprised of a $17 million revolving facility (“Facility A”) and a […]

Founders Advantage Capital Corp. Announces Option Grant

July 7, 2016

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 […]

Founders Advantage Capital Corp. Completes Equity Financings for Approximately $33 Million

July 6, 2016

CALGARY, ALBERTA–(Marketwired – July 6, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation” or “FAC“) is pleased to announce that it has completed its previously announced private placement offering of common shares of the Corporation at a price of $4.00 per class “A” […]

Founders Advantage Capital Corp. Increases Size of Equity Offering

June 22, 2016

CALGARY, ALBERTA–(Marketwired – June 22, 2016) – THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation“) is pleased to announce that it has increased the size of its recently announced non-brokered offering of […]

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

June 21, 2016

CALGARY, ALBERTA–(Marketwired – June 21, 2016) – THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. 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 […]

Founders Advantage Capital Corp. Appoints Gary Mauris to Board of Directors

June 20, 2016

CALGARY, ALBERTA–(Marketwired – June 20, 2016) – Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the “Corporation“) is pleased to announce that Gary Mauris has been appointed to the Board of Directors of the Corporation. Mr. Mauris is the President and Chief Executive Officer of Dominion Lending Centres (“DLC”) and will be considered a non-independent director as the Corporation has recently acquired […]

Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in Dominion Lending Centres

June 3, 2016

CALGARY, ALBERTA–(Marketwired – June 3, 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 it has completed its previously announced acquisition of a 60% majority interest (the “Transaction”) in the Dominion Lending Centres group of companies (“DLC”) for aggregate consideration […]

Founders Advantage Capital Corp. Announces Executive Appointment

May 20, 2016

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 […]

FCF Capital Inc. Announces Shareholder Meeting Results, Including Approval of Name Change and Share Consolidation

May 16, 2016

CALGARY, ALBERTA–(Marketwired – May 16, 2016) – NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FCF Capital Inc. (TSX VENTURE:FCF) (the “Corporation“) is pleased to announce that at the annual and special meeting of its shareholders held today, each item of business placed before shareholders was approved by over 98.5% of shareholders present, including: […]

FCF Capital Inc. Signs Purchase Agreement to Acquire a Majority Interest in Dominion Lending Centres

May 13, 2016

CALGARY, ALBERTA–(Marketwired – May 13, 2016) – NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FCF Capital Inc. (TSX VENTURE:FCF) (the “Corporation” or “FCF“) is pleased to announce that it has entered into an arm’s length purchase agreement (the “Purchase Agreement“) pursuant to which it will acquire a 60% majority interest (the “Transaction“) in […]

FCF Capital Inc. Announces Annual and Special Meeting of Shareholders and Director Appointments

April 18, 2016

CALGARY, ALBERTA–(Marketwired – April 18, 2016) – FCF Capital Inc. (TSX VENTURE:FCF) (the “Corporation” or “FCF Capital“) is pleased to announce that it will hold an annual and special meeting of its shareholders on May 16, 2016 (the “Meeting“) for the purpose of: (i) receiving and considering the annual financial statements of the Corporation; (ii) electing the board of directors […]

FCF Capital Inc. Provides Update on Previously Announced Financing

March 10, 2016

CALGARY, ALBERTA–(Marketwired – March 10, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES FCF Capital Inc. (TSX VENTURE:FCF) (the “Company” or “FCF“) is pleased to provide the following update concerning the Company’s pursuit of a private placement financing, as previously announced February 3, 2016. The Company has entered into an agreement […]

Harrington Global Limited Enters into Nomination and Voting Agreement with FCF Capital Inc.

February 23, 2016

TORONTO, ONTARIO–(Marketwired – Feb. 23, 2016) – Harrington Global Limited (“Harrington“) announced today that it has entered into a nomination and voting agreement with FCF Capital Inc. (“FCF“) whereby the parties agreed that, for so long as Harrington beneficially owns, or exercises control or director over, in the aggregate, 10% or more of the issued and outstanding Class “A” common […]