Advantage Sold Out!

Fund reports sell out of BCA 800

Vancouver, February 22, 2008 - Advantage Life Science Fund II announced today that it has sold out its 2007 tax credit allocation. Over $2,000,000 of sales of the Fund have been processed within the last two weeks.

Advantage's VP of Sales and Partner, Ray Matthews, commented, "We are really pleased to have sold out our new Life Science Fund. As the only VCC Fund to have sold out in each of the last five years, we are very appreciative of the support and faith that our investors have put in us."

On Monday, February 25 at 10:00am, Advantage will open both the Advantage Venture Fund (BCA100), our diversified Fund, and the Advantage Life Science Fund II (BCA800), our life science only Fund, for sales of 2008 tax credits.

When the two Funds re-open for sale on Monday, investors are advised that those shares will have tax credits applicable for the 2008 tax year, and those tax credits will not be eligible to be applied against the 2007 tax year. 

About Advantage

Advantage offers everyone in BC the opportunity to invest in some of the Province's most promising life science, technology and clean-technology companies. Advantage investors receive a 30% refundable tax credit from the BC government on investments of up to $200,000 per year.

For more information about Advantage, please review our prospectus, visit our website at www.bcadvantagefunds.com or contact our Vice President, Sales and Marketing, Ray Matthews at rmatthews@lionscapital.com or 604.818.7778.

« Back to News