Business News • MarketWire • Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories; Announces Increase to ATB Credit Facility

Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories; Announces Increase to ATB Credit Facility

Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest in IMPACT Radio Accessories; Announces Increase to ATB Credit Facility

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 Transaction was completed between the Corporation, Keith Kostek, IMPACT's President and founder, and Mr. Kostek's related entities (collectively referred to herein as the "IMPACT Founders").

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