Brief: Founders Advantage Capital unit enters LoI to acquire Marlborough Stirling Canada Ltd

Dominion Lending Centres

14/12/2016 12:30

Dec 14 (Reuters) - Founders Advantage Capital Corp  FCF.V  
    * Founders Advantage Capital Corp - deal for for an 
aggregate purchase price of $5.5 million 
    * Co owns a 60% interest in dominion lending centres 
    * Deal for aggregate purchase price of $5.5 million 
    * Founders Advantage Capital - funding to complete deal will 
be provided by dlc and third-party partner proportionate to 
their shareholdings in acquireco 
    * Founders Advantage Capital Corp - currently contemplated 
securities of msc will be acquired by a new corporation which is 
70% owned by dlc 
    * DLC enters letter of intent to acquire Marlborough 
Stirling Canada Limited 
 
Source text for Eikon:  ID:nCCN60mpMf  
Further company coverage:  FCF.V  
 
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