CALGARY, Alberta, Jan. 08, 2019 (GLOBE NEWSWIRE) — Founders Advantage Capital Corp. (TSX-V: FCF) (the “Corporation”) is pleased to announce that its investee partner Club16 Limited Partnership (“Club16”) will open a new 20,000 sq. ft. co-ed club in Tsawwassen, British Columbia on Friday, January 11, 2019. With the opening of the new club, Club16 will have a total of 14 fitness clubs (currently serving appx. 85,000 members) in the Greater Metro Vancouver area. The new club is located at the Tsawwassen Commons Shopping Centre at 4949 Canoe Pass Way, Delta, BC and will accommodate up to 5,500 members.
Chuck Lawson, President of Club16 commented: “We are pleased to report the opening of the new Tsawwassen location. As we have already signed-up over 1,700 members for this club during the pre-registration process, there seems to be a lot of support for the new club from the community. We’re excited to get the new club open and to expand our family of Club16 members.”
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:
| Amar Leekha Senior Vice-President 403-455-6671 aleekha@advantagecapital.ca |
James Bell Interim Chief Financial Officer 403-455-2218 jbell@advantagecapital.ca |
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.