News Releases: 2021

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 […]