DLC CEO Gary Mauris Appointed Chairman

CALGARY, Alberta, June 12, 2020 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to announce that the Board of Directors has appointed Gary Mauris, founder and CEO of Dominion Lending Centres, as Chairman of the Board.  In addition, Ron Gratton has been appointed Lead Independent Director.

James Bell, President and CEO commented: “Gary is the obvious choice as our Chairman.  DLC represented approximately 60% of the Corporation’s adjusted proportionate share EBITDA in fiscal 2019, making it the Corporation’s core asset.  With significant shareholdings in the Corporation and an unparalleled competitive drive and entrepreneurial spirit, Gary is uniquely positioned to lead the Corporation forward.”

About Founders Advantage Capital Corp.

The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a permanent investment approach.

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.

Contact information for the Corporation is as follows:

James Bell President & Chief Executive Officer 403-455-2218 [e-mail]

Robin Burpee Chief Financial Officer 403-455-9670 [e-mail]

Amar Leekha Sr. Vice-President, Capital Markets 403-455-6671 [e-mail]

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.