Powered by lexis nexis

Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories

Mar 01, 2017 - Marketwired

CALGARY, ALBERTA--(Marketwired - March 1, 2017) - Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") is pleased to announce that it has completed its previously announced acquisition of a 52% majority interest (the "Transaction") in Cape Communications International Inc. (which operates as IMPACT Radio Accessories and is referred to herein as "IMPACT") for a total cash purchase price of $12.0 million (the "Purchase Price"), subject to post-closing adjustments. The Transac...