Business
Firstfund acquires 641,171 common shares of Vitality
Firstfund acquires 641,171 common shares of Vitality.
About this update from Consolidated Firstfund Capital Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbol: FFP\n\n\nVANCOUVER, Oct. 18 /CNW/ - Consolidated Firstfund Capital Corp. (the\n"Company") has acquired 570,299 common shares of Vitality Products Inc.\n("Vitality") pursuant to the conversion of its 15,611 Class "A" Preference\nShares, Series 5 at a deemed value of $10.00 per share in the capital of\nVitality ("Preference Shares"), plus all unpaid dividends accrued thereon to\nthe date of conversion, at the conversion price of $0.3388 per common share.\nCostar Marketing Corp., a wholly owned subsidiary of Firstfund, has acquired\n70,872 common shares of Vitality pursuant to the conversion of its 1,940\nPreference Shares, plus all unpaid dividends accrued thereon to the date of\nconversion, at the conversion price of $0.3388 per common share. Vitality is a\nrelated company managed by common directors and common officers.\n\n\nAfter the completion of the conversions, the Company, through either\ndirect ownership or indirect ownership, beneficially owns and controls\n1,028,671 common shares or 5.17% of the outstanding common shares of Vitality.\nThe Company acquired the common shares for investment purposes and may,\ndepending on market and other conditions, increase or decrease its ownership\nposition in securities of Vitality through market transactions, private\nagreements, treasury issuances, convertible securities or otherwise.\n\n\nOn behalf of the Board of\n\n\nCONSOLIDATED FIRSTFUND CAPITAL CORP.\n\n\nW. Douglas Grant (signed)\n\n\n--------------------------------------\n\n\nW. Douglas Grant, Vice President & CFO\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00002533E\n\n\n","length":1840,"tagName":"div"}]