November 2, 2016 / 9:42 PM / 10 months ago

BRIEF-Founders Advantage Capital to buy 60 pct interest in fitness clubs

Nov 2 (Reuters) - Founders Advantage Capital Corp

* Founders Advantage Capital Corp - deal for total cash purchase price of $20 million

* Founders Advantage Capital -$20 million purchase price will be funded by co with available cash and available borrowings under existing credit facilities

* Founders Advantage Capital Corp announces letter of intent to acquire a 60% interest in Club16 Trevor Linden Fitness and She's Fit! Health clubs Source text for Eikon: Further company coverage:

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