Firstfund Announces Exercise of Stock Options, Holds AGM, Changes Chairman of the Board and Grants Stock Options

Trading Symbol: FFP

VANCOUVER, June 5, 2018 /CNW/ -

Firstfund Announces Exercise of 165,000 Stock Options

Consolidated Firstfund Capital Corp. (the "Company" or "Firstfund") is pleased to announce that directors, officers and employees of the Company have exercised their stock options to purchase a total of 165,000 common shares of the Company at an exercise price of $0.10 per share for proceeds totaling $16,500. The Company now has 6,171,703 common shares issued and outstanding in the capital stock of the Company.

Firstfund Holds Annual General Meeting

Consolidated Firstfund Capital Corp. is pleased to announce that shareholders re-elected Cheryl A. Grant, W. Douglas Grant, Bruce J. McDonald and Stuart E. Pennington as Directors of the Company for the ensuing year at the annual general meeting held earlier today. 

Firstfund Appoints Stuart E. Pennington as Chairman of the Board

At the Company's Board of Directors' Meeting following the annual general meeting, the Board appointed Stuart E. Pennington as Chairman of the Board for the ensuing year, replacing Bruce J. McDonald.  Mr. McDonald will remain Chairman of the Audit Committee.

Firstfund Grants 200,000 Incentive Stock Options

Consolidated Firstfund Capital Corp. announces that, pursuant to its stock option plan, the Company has granted incentive stock options to directors, officers and employees which will entitle the option holders to purchase up to 200,000 common shares of the Company at a price of $0.30 per share for a period of five years. These options are not subject to any vesting schedule and may be exercised at any time up to the expiry date of June 5, 2023. These options are subject to a hold period of four months and a day from June 5, 2018.

About Firstfund

Consolidated Firstfund Capital Corp. (FFP – TSX-V) is a venture capital and property development and management company doing business primarily in Canada and the West Coast of the United States.

On behalf of the Board of 
CONSOLIDATED FIRSTFUND CAPITAL CORP.

"W. Douglas Grant" (signed)
______________________________
W. Douglas Grant, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Consolidated Firstfund Capital Corp.

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