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” common share by way of concurrent brokered and non-brokered offerings for aggregate gross proceeds of $33,289,340 (collectively, the “Offering“). Pursuant to the Corporation’s brokered offering (the “Brokered Offering“) with Clarus Securities Inc. and TD Securities Inc. as co-lead underwriters on behalf of a syndicate of underwriters that included Industrial Alliance Securities Inc., Desjardins Securities Inc., CIBC World Markets Inc. and GMP Securities L.P. (collectively, the “Underwriters“), the Corporation issued an aggregate of 5,027,500 common shares for gross proceeds of $20,110,000. Pursuant to the Corporation’s non-brokered offering (the “Non-Brokered Offering“), the Corporation issued an aggregate of 3,294,835 common shares for gross proceeds of $13,179,340.

The Corporation plans to use the net proceeds of the Offering in furtherance of the Corporation’s business plan to acquire interests in private businesses, and for working capital requirements and general corporate purposes.

In connection with the Brokered Offering, the Corporation paid to the Underwriters a cash commission equal to 6% of the aggregate gross proceeds of the Brokered Offering, plus reasonable expenses and disbursements.

In connection with the Non-Brokered Offering, the Corporation paid cash commissions to PI Financial Corp., Mackie Research Capital Corporation, Canaccord Genuity Corp. and BMO Nesbitt Burns Inc. (collectively, the “Finders“), in each case equal to 6% of the aggregate gross proceeds raised by such Finder pursuant to the Non-Brokered Offering.

Under Canadian securities law, the common shares are subject to a customary hold period until November 7, 2016.

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.

THE SECURITIES REFERRED TO IN THIS NEWS RELEASE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT SUCH REGISTRATION OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. ANY PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES MUST BE MADE BY MEANS OF A PROSPECTUS CONTAINING DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS.

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.