Brief: Founders Advantage Capital signs letter of intent to acquire a 52 pct interest in Impact Communications

Dominion Lending Centres

22/12/2016 21:30

Dec 22 (Reuters) - Founders Advantage Capital Corp  FCF.V : 
    * Founders Advantage Capital -entered into a letter of 
intent to acquire a 52 pct majority interest in impact 
communications a cash purchase price of $12.0 million 
    * Founders Advantage Capital Corp says impact will have a 
combined board of directors consisting of Keith Kostek and two 
nominees of corporation 
    * Founders Advantage Capital Corp says corporation intends 
to fund transaction primarily through available borrowings under 
its existing credit facility 
    * Founders Advantage Capital Corp. announces third 
acquisition - signs letter of intent to acquire a 52 pct 
interest in Impact Communications 
 
Source text for Eikon:  ID:nCCN2ZST3N  
Further company coverage:  FCF.V  
 
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