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