Trading Symbol: FFP
VANCOUVER, Oct. 18 /CNW/ - Consolidated Firstfund Capital Corp. (the "Company") has acquired 570,299 common shares of Vitality Products Inc. ("Vitality") pursuant to the conversion of its 15,611 Class "A" Preference Shares, Series 5 at a deemed value of $10.00 per share in the capital of Vitality ("Preference Shares"), plus all unpaid dividends accrued thereon to the date of conversion, at the conversion price of $0.3388 per common share. Costar Marketing Corp., a wholly owned subsidiary of Firstfund, has acquired 70,872 common shares of Vitality pursuant to the conversion of its 1,940 Preference Shares, plus all unpaid dividends accrued thereon to the date of conversion, at the conversion price of $0.3388 per common share. Vitality is a related company managed by common directors and common officers.
After the completion of the conversions, the Company, through either direct ownership or indirect ownership, beneficially owns and controls 1,028,671 common shares or 5.17% of the outstanding common shares of Vitality. The Company acquired the common shares for investment purposes and may, depending on market and other conditions, increase or decrease its ownership position in securities of Vitality through market transactions, private agreements, treasury issuances, convertible securities or otherwise.
On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.
W. Douglas Grant (signed)
--------------------------------------
W. Douglas Grant, Vice President & CFO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00002533E