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CALGARY, Alberta, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSXV:FCF) ("FAC" or the "Corporation") is pleased to announce the following results from its special meeting of shareholders (the "Meeting") held earlier today:
99.98% of the votes cast at the Meeting were in favour of the Corporation completing the proposed acquisition of Dominion Lending Centres pursuant to the purchase agreement dated October 5, 2020 (the "Proposed Acquisition Resolution");
99.96% of the votes cast at the Meeting were in favour of the Corporation completing the proposed Inversion Right Termination Transaction pursuant to the purchase agreement dated October 5, 2020 (the "Inversion Right Termination Resolution");
99.96% of the votes cast at the Meeting were in favour of the Corporation completing the proposed private placement of 4,285,714 class A common shares at a price of $1.75 per share (the "Private Placement Resolution"); and