Founders Advantage Capital Corp. Announces Third Quarter 2016 Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 08/29/16 -- Founders Advantage Capital Corp. (TSX VENTURE: FCF) (the "Corporation") is pleased to report its financial results for the third quarter ended June 30, 2016 ("Q3 2016"). The comparative period is the third quarter ended June 30, 2015 ("Q3 2015"). All results are presented in Canadian dollars. Readers should refer to the Q3 2016 management discussion and analysis and condensed interim consolidated financial statements for complete information, which are available on SEDAR at and on the Corporation''s website at .
Q3 2016 Financial and Operational Highlights
DLC Highlights
For the three months ended June 30, 2016, the Corporation would like to highlight the following financial highlights relating to DLC (the following DLC financial data is provided for the full three months ended June 30, 2016 and we note that the DLC acquisition was completed by the Corporation on June 3, 2016):
Non-IFRS measures
EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Readers are cautioned that EBITDA should not be construed as an alternative to a statement of cash flows as a measure of liquidity and cash flows and should not be construed as an alternative to net income or loss determined in accordance with IFRS.
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 continue managing the business while partnering 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 .
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.
Contacts:Stephen ReidChief Executive Officer403-455-7350Darren PrinsChief Financial Officer403-455-2274James BellGeneral Counsel403-455-2218
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Datum: 29.08.2016 - 19:41 Uhr
Sprache: Deutsch
News-ID 1455042
Anzahl Zeichen: 3724
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CALGARY, ALBERTA
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Venture Capital
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