February 2010

Advantage portfolio companies NxtGen Emission Controls Inc., Zeugma Systems Inc., In Motion Technology Inc. and Contech Enterprises, Inc. receive top national and international awards.

November 2009

Advantage announces the passing of its Chairman, Dr. Don Rix.  Dr. Rix served as the firm's Chair since its inception in 2003 and made a tremendous contribution to Lions' growth and success.

April 2009

Advantage completes redemptions on its award winning Advantage Life Sciences Fund I.  Including a special cash dividend and the VCC tax credit, investors received a return of over three times their initial net investment.

November 2008

In response to market conditions, Advantage announces a change in name and investment focus for its Advantage Life Sciences Fund II.  The fund becomes the Advantage Growth Fund with a focus on investments in BC based growth companies.

May 2008

Advantage Technology Fund is converted into the Advantage Venture Fund based on relative net asset values per share to provide Technology Fund shareholders with improved operating efficiencies and exposure to a more diversified portfolio of venture investments.

February 2008

Advantage sells out its full allocation for the 2007 program year, raising a record $16.2 million in its Advantage Venture Fund and Advantage Life Sciences Fund II.

November 2007

Lions Capital acquires Pender NDI Life Science (VCC) Fund, which it renames the Advantage Life Sciences Fund II.

May 2007

Advantage Technology Fund portfolio company Parasun Technologies is acquired by Uniserve Communications Corp. (TSXV:USS) for $14.5 million, providing Advantage with a realized return of 5.5 times invested capital.

May 2007

Advantage Technology Fund portfolio company Brightside Technologies is acquired by Dolby Laboratories (NYSE:DLB) for $30.4 million in cash, providing Advantage with a realized return of 2.8 times invested capital.

February 2007

Advantage receives additional 2006 tax credit allocations from the Investment Capital Branch and raises an aggregate of $13.4 million for the 2006 program year.

December 2006
Advantage declares and pays a special dividend of $10.00 per share to the shareholders of the Advantage Life Science Fund I, in order to distribute excess cash on hand.

August 2006
It is announced that the Advantage Life Science Fund I has provided its investors with the highest one year, three year and five year returns of any retail venture capital fund in Canada (Source: GlobeFUnd VC Index).

August 2006
Advantage receives the Canadian Venture Capital Association 'Deal of the Year' Award for achieving the highest realized return on a single investment (23.4X return on its investment in Aspreva Pharmaceuticals) of any institutional or retail venture fund in Canada that year.

April 2006
Advantage completes the sale of its stock in Aspreva Pharmaceuticals for aggregate proceeds of $5.4 million, providing the Advantage Life Science Fund I with a realized return of 23.4 times invested capital.

February 2006
Advantage raises its full $10 million tax credit allocation for 2005 by February 17, 2006.

January 2005
Advantage raises its full $10 million tax credit allocation for 2004 by January 15, 2005.

November 2004
The Advantage Technology Fund raises an aggregate of $10 million and is closed. At the request of the then manager of the Advantage Technology Fund, the Board of Advantage subsequently transfers $5 million from the Advantage Technology Fund to the Advantage Venture Fund in April 2005.

September 2004
As substantially all investors in Advantage have historically chosen to make a diversified investment that was split evenly between the two funds, the Board of Advantage broadens the mandate of the life science fund to include both technology and life science investments and renames it the 'Advantage Venture Fund'. The Board agrees that the Advantage Technology Fund will continue to focus its investments in technology companies and caps that fund at $10 million.

August 2004
Advantage merges with Qwest Emerging Biotech (VCC) Ltd. and the Qwest shareholders exchange their shares of Qwest for shares of the Advantage Life Science Fund I.  Ray Matthews and Jim Heppell co-founded Qwest in 2001.

February 2004
Advantage raises $12.4 million of tax credit allocation for 2003 prior to its sales being halted by the Investment Capital Branch on February 6, 2004.

November 2003
Advantage receives a record breaking $2.1 million of orders for its shares on its first day of sales.

November 2003
Don Rix, Frank Holler, Jim Heppell, David Raffa and Ray Matthews co-found BC Advantage Funds (VCC) Ltd. Advantage offers investors the opportunity to invest in a dedicated life sciences fund, and dedicated technology fund, or to make a diversified investment that is split evenly between the two funds.