Fountain Asset Corp. Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - February 22, 2018) - Fountain Asset Corp. (TSXV: FA) ("Fountain" or the "Company") today announces that it has closed a private placement of 4,500,000 subordinate voting shares ("Shares") to Delavaco Group at a price of $0.45 per share, for aggregate gross proceeds of $2,025,000 (the "Offering"). The Offering was completed after the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. All Shares issued pursuant...
2018-02-22 9:00 AM EST
Fountain Asset Corp. Announces Election of Chairman of the Board of Directors
Toronto, Ontario--(Newsfile Corp. - December 12, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset") are pleased to inform that the Board of Directors in their meeting held on November 21, 2017 has elected Mr. Paul Kelly as Chairman of the Board of Directors. Mr. Kelly has served as a member of the Board of Directors since 2014. About Fountain Asset Corp. Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing)...
2017-12-12 5:00 PM EST
Fountain Asset Corp. Announces Receipt of Court Action
Toronto, Ontario--(Newsfile Corp. - September 14, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain" or the "Company") announces today that it has been served with a statement of claim by First Global Data Limited ("FGD"). The claim seeks damages of $20,000,000 against a number of defendants including Fountain and its Chief Executive Officer, alleging breach of contract, conspiracy and various other causes of action (the "FGD Action"). Fountain believes the claim against Fountain and its CEO...
2017-09-14 4:45 PM EDT
Fountain Asset Corp. Announces Its Financial Results for the Second Quarter 2017
Toronto, Ontario--(Newsfile Corp. - August 28, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset") announces its financial results for the second quarter ending June 30, 2017. Highlights Six month revenue of $559,000; Net comprehensive income of $3.1 million ($0.06 per share) in the first six months of 2017; Increase of adjusted book value per share to $0.37 from $0.31 at the end of December 31, 2016; Six consecutive quarters of positive net comprehensive income. Management's Second...
2017-08-28 4:40 PM EDT
Fountain Asset Corp. Announces Its Financial Results for the First Quarter 2017
Toronto, Ontario--(Newsfile Corp. - May 30, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset") announces its financial results for the first quarter ending March 31, 2017. Highlights Three month revenue of $998,000 compared to $295,000 in 2016; Net comprehensive income of $3.0 million ($0.06 per share) in the first quarter; Increase of adjusted book value per share to $0.38 Management's First Quarter Comments For the quarter ended March 31, 2017, the Company reported total revenue of...
2017-05-30 4:20 PM EDT
Fountain Asset Corp. Announces Its Financial Results for the Year Ended December 31, 2016
Toronto, Ontario--(Newsfile Corp. - May 1, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain") announces its financial results for the year ended December 31, 2016. Highlights from the 12 month period ending December 31, 2016: Twelve month revenue of $1,990,350 million; Net comprehensive income for the twelve month period of $2,063,648 ($0.04 per share); Increase of adjusted book value per share to $0.32; Transformation into IFRS reporting standards as an Investment Entity in order to...
2017-05-01 10:11 PM EDT
Fountain Asset Corp. Announces the TSX Venture Exchange Listing of Its Investee Company, the Hydropothecary Corporation
Toronto, Ontario--(Newsfile Corp. - March 23, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain") announces that its investee company, The Hydropothecary Corporation ("THC"), has completed its Qualifying Transaction with BFK Capital Corp. ("BFK"), a Capital Pool Company, and is now listed on the TSX Venture Exchange. The trading symbol is "THCX". The Hydropothecary Corporation is licensed under the Access to Cannabis for Medical Purposes Regulations to cultivate and sell marijuana seeds and...
2017-03-23 4:01 PM EDT
Fountain Asset Corp's Investee Company, Xylitol Canada Inc., Closes $2.0 Million Financing and Announces Closing of Acquisition of Nektar Naturals Holdings, Inc.
Toronto, Ontario--(Newsfile Corp. - March 17, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain") announces that its client company, Xylitol Canada Inc. ("XYL" or "Xylitol"), has closed a $2,087,000 million equity raise at a price of $0.12 per share. XYL intends to use the proceeds for general and working capital purposes. Xylitol also announced that it has closed its acquisition of Nektar Naturals Holdings, Inc. ("Nektar"). XYL acquired all of the issued and outstanding equity shares of...
2017-03-17 4:00 PM EDT
Fountain Asset Corp. Announces Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - January 24, 2017) - Fountain Asset Corp. (TSXV: FA) ("Fountain") announces that the board of directors of the Company has approved the granting of 450,000 incentive stock options (the "Options") pursuant to the Company's Stock Option Plan to certain directors of the company. The Options are exercisable at a price of $0.30 per share expiring on January 24, 2021. About Fountain Asset Corp. Fountain Asset Corp. is a merchant bank which provides equity...
2017-01-24 6:00 PM EST
Fountain Asset Corp.'s Investee Company, The Hydropothecary Corporation, Closes a $15 Million Financing and Signs Definitive Agreement with BFK Capital Corp.
Toronto, Ontario--(Newsfile Corp. - December 22, 2016) - Fountain Asset Corp. (TSXV: FA) ("Fountain") announces that its client company, The Hydropothecary Corporation ("THC"), has closed a $15 million equity raise at a price of $4.50 per share. Based in Gatineau Quebec, The Hydropothecary Corporation is licensed for the cultivation and sale of dried marijuana by the MMPR, Marihuana for Medical Purposes Regulations, and the only Quebec licensed company. Product innovation, high quality, and...
2016-12-22 7:30 PM EST
Fountain Asset Corp. Announces Change in Management
Toronto, Ontario--(Newsfile Corp. - December 9, 2016) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset") announces changes to its management team. Fountain Asset announces the appointment of Mr. David Darakjian as interim Chief Financial Officer (CFO) of the Company as of December 9, 2016, Mr. Darakjian has over 20 years of experience in senior management roles across diverse industries. He has been with Fountain since 2014 as the corporate controller. Mr. Darakjian replaces Mr. Steven...
2016-12-09 4:39 PM EST
Fountain Asset Corp. Announces Its Financial Results for the Third Quarter 2016
Toronto, Ontario--(Newsfile Corp. - November 30, 2016) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset") announces its financial results for the third quarter ending September 30, 2016. Highlights Three month revenue of $818,000, up from $811,000 in Q1 and $295,000 in Q1; Net income of $551,000; Portfolio of publicly traded companies increased to $6.0 million compared to $5.2 million at year end; Total assets of $13.9 million at the end of the quarter; Management's First Quarter Comments...
2016-11-30 5:48 PM EST
Fountain Asset Corp. Announces Its Financial Results for the Second Quarter 2016
Toronto, Ontario--(Newsfile Corp. - August 30, 2016) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset"), announces its financial results for the second quarter ending June 30, 2016. Highlights Three month revenue of $811,000 compared to $300,000 in 2015; Net income of $627,000 compared to net income of $118,000 in 2015; Portfolio of publicly traded companies increased to $5.4 million compared to $5.2 million at year end; Total assets of $13.4 million at the end of the quarter; Management's...
2016-08-30 4:00 PM EDT
Fountain Asset Corp. Announces It's Client Company Advantagewon Inc. Signs $5 Million Credit Facility to Support Next Stage Growth Through 2016
Toronto, Ontario--(Newsfile Corp. - August 8, 2016) - Fountain Asset Corp. (TSXV: FA) ("Fountain") announces that its client company, Advantagewon Inc. ("Advantagewon") has closed a $5 million credit facility with a Toronto based fund. Advantagewon's financing portfolio has experienced monumental growth since inception. In January 2014 the company's portfolio sat at approximately $38k, and since then has grown at a 560% annual growth rate reaching a $3.3 Million portfolio as of June 2016....
2016-08-08 4:01 PM EDT
Fountain Asset Corp. Announces Its Financial Results for the First Quarter 2016
Toronto, Ontario--(Newsfile Corp. - May 31, 2016) - Fountain Asset Corp. (TSXV: FA) ("Fountain Asset") announces its financial results for the first quarter ending March 31, 2016. Highlights Three month revenue of $0.3 million compared to $0.4 million in 2015; Break-even first quarter compared to net income of $0.1 million in 2015; Portfolio of publicly traded companies increased to $5.5 million compared to $5.2 million at year end; Total assets of $12.9 million at the end of the quarter;...
2016-05-31 4:15 PM EDT
Fountain Asset Corp. Announces Its Financial Results for the Year Ended December 31, 2015
Toronto, Ontario--(Newsfile Corp. - May 2, 2016) - Fountain Asset Corp. (TSXV: FA) ("Global Capital") announces its financial results for the year ended December 31, 2015. Highlights from 12 Month period ending December 2015: Net comprehensive loss for the twelve month period of $4.5 million; $4.0 million of the $4.5 million loss is attributed to unrealized losses from the portfolio of public companies as a result of negative north American stock markets conditions in late 2015; Recurring...
2016-05-02 8:00 AM EDT
Fountain Asset Corp. Announces Its Financial Results for the Third Quarter 2015
Toronto, Ontario--(Newsfile Corp. - November 27, 2015) - Fountain Asset Corp. (TSXV: FA) (the "Company") announces its financial results for the third quarter ending September 30, 2015. Third Quarter Financial Results and Management's Comments For the quarter ended September 30, 2015, the Company reported a total loss of $3.9 million compared to net income of $0.2 million in the similar period last year. The majority of the Company's loss is attributed to unrealized losses from its...
2015-11-27 4:30 PM EST
GC-Global Capital Corp. Announces its Financial Results for the First Quarter 2015
Toronto, Ontario--(Newsfile Corp. - May 29, 2015) - GC-Global Capital Corp. (TSXV: GDE.A) ("Global Capital") announces its financial results for the first quarter ending March 31, 2015. Highlights Three month revenue of $0.4 million, up from $0.2 million in 2014; Net income for the three month period of $0.2 million, up from a net loss of $0.4 million in 2014; Portfolio of publicly traded companies $7.9 million, up from $0.4 million in 2014; Inc
2015-05-29 4:30 PM EDT
GC-Global Capital Corp. Announces its Financial Results for the Year Ended December 31, 2014
Toronto, Ontario--(Newsfile Corp. - April 30, 2015) - GC-Global Capital Corp. ("Global Capital") (TSX-V: GDE.A) announces its financial results for the year ended December 31, 2014. Highlights: Twelve month revenue of $6.3 million, representing a 10.5x growth factor over 2013; Net income for the twelve month period of $2,500,000 ($0.07 per share); Portfolio of publicly traded companies $6.4 million, up from $163,000 in 2013; Increase of total assets to $16 million from $9.8 million in 2013....
2015-04-30 6:30 PM EDT
GC Global Capital Corp. Increases Ownership in Poydras Gaming Finance Corp.
Toronto, Ontario--(Newsfile Corp. - April 22, 2015) - GC Global Capital Corp. (TSXV: GDE.A) ("Global Capital") is pleased to announce that it has participated in a private placement offering (the "Private Placement") of Poydras Gaming Finance Corp. (TSX-V: PYD) ("Poydras"). Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States....
2015-04-22 4:15 PM EDT