Magnolia Lane Income Fund (OTCPK:MIFC) acquired assets of Founders Circle Partners, LLC for $1.2 million on August 11, 2016. Under the terms, Magnolia Lane Income Fund issued 0.17 million in stock as consideration. Magnolia Lane Income Fund (OTCPK:MIFC) completed the acquisition of Founders Circle Partners, LLC on August 11, 2016.