Trading Symbol: FFP
VANCOUVER, June 8 /CNW/ - Consolidated Firstfund Capital Corp. held its
annual general meeting on June 7, 2005. Of particular interest:
1. William Grant presented the Directors' Report to the shareholders.
Mr. Grant declared 2004 as a watershed year for the Company. The
Company had a profit of $371,717 on revenues of $1,001,260. In
addition, Mr. Grant announced that construction of Ocean Breezes III,
the fully permitted, 68-unit residential development in Birch Bay,
Washington, is scheduled to begin at the end of this year and to be
completed by January 2007. The Company will earn project
administration fee income for this property development.
2. Robert H. Grant, William N. Grant, Robert H. McClelland and James W.
F. Tutton were re-elected as directors of the Company for the ensuing
year.
3. Shareholders approved the adoption of the stock option plan for the
Company and the authorization of the granting of incentive stock
options under the stock option plan, subject to regulatory approval.
On behalf of the Board of
CONSOLIDATED FIRSTFUND CAPITAL CORP.
(signed)
---------------------------------
William N. Grant, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00002533E
