Founders Advantage Capital Corp. Initiates Strategic Review Process

CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- (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 to the Corporation.

Kingsley Ward, Chairman of the Special Committee notes: "The Corporation is financially sound (even paying a quarterly dividend) and its four investments continue to perform as expected.  As such, the Board of Directors believes our common shares are undervalued and that it is time to consider all alternatives to maximize shareholder value."

Management and the Board of Directors are committed to acting in the best interests of the Corporation and its shareholders and believe the strategic review is in the best interests of the Corporation and its shareholders.

The Corporation does not intend to set a definite schedule to complete its evaluation or process and cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.  The Corporation does not plan to disclose or comment on developments regarding the strategic review until further disclosure is deemed appropriate.

About Founders Advantage Capital Corp.
The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a long-term investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing controlling interest acquisitions of cash flow positive, premium 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 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 continue to manage the business with a long-term 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.

Contact information for the Corporation is as follows:

James Bell
General Counsel
403-455-2218
[email protected]

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