TORONTO, March 14, 2018 /CNW/ - Fountain Asset Corp.
(TSXV:FA), ("Fountain" or the "Company") today announces a change
to its management team.
Fountain announces that Mr. David
Darakjian, interim Chief Financial Officer (CFO) of the
Company, has tendered his resignation.
Mr. Darakjian will be leaving to work with one of
Fountain's investee companies. Mr. Andrew Parks, CEO of the Company, commented "I
wanted to thank David for his contribution to the Company and wish
him best of luck in his new role."
The search for a new Chief Financial Officer has been
initiated. Mr. Darakjian will assist with the transition and
remain with the Company until the completion of its audit for the
year ended December 31, 2017.
About Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity
financing, bridge loan services (asset back/collateralized
financing) and strategic financial consulting services to companies
across many industries such as marijuana, oil & gas, mining,
real estate, manufacturing, retail, financial services, blockchain
technology and biotechnology.
Forward-Looking Statements
Certain information contained in this press release constitutes
forward-looking information, which is information relating to
possible events, conditions or results of operations of the
Company, which are based on assumptions and courses of action and
which are inherently uncertain. All information other than
statements of historical fact may be forward-looking information.
Forward-looking information in this press release includes, but is
not limited to, statements regarding the search for a new Chief
Financial Officer and Mr. Darakjian's assistance with the
transition and the 2017 year-end audit. Forward-looking information
involves known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking information. Some of the
risks and other factors which could cause results to differ
materially from those expressed in forward-looking information
contained in this press release include, but are not limited to,
the timing of the search for a new Chief Financial Officer and the
effective date of Mr. Darakjian's resignation. The forward-looking
information contained in this press release is provided as at the
date of this press release, based upon the opinions and estimates
of management and information available to management as at the
date of this press release, and the Company undertakes no
obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law. Readers are cautioned not
to place undue reliance on forward-looking information contained in
this press release.
Neither TSX Venture Exchange Inc. 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.
SOURCE Fountain Asset Corp.
