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First Growth Holdings (TSXV: FGH) Announces a non-brokered private placement

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The offering of up to 3 million units is priced at $0.11 per unit for gross proceeds of up to $330,000. Each unit consists of one share and one full warrant, with each warrant exercisable at $0.15 for 2 years. The company identifies and develops strong brands in the Canadian and international markets.

Additional Information:

Company: First Growth Holdings
Website: http://www.firstgrowthholdings.com/s/home.asp
Stock Symbol: TSXV: FGH
Date Published: Jun 4, 2015
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for Investmentpitch Media

First Growth Holdings, symbol FGH on the TSX Venture Exchange, announced a non-brokered private placement.

The offering of up to 3 million units is priced at $0.11 per unit for gross proceeds of up to $330,000.

Each unit consists of one share and one full warrant, with each warrant exercisable at $0.15 for 2 years.

The company identifies and develops strong brands in the Canadian and international markets.

WineOnline Marketing Company Ltd, was launched in May 2004 with the goal of making quality wines more accessible.

It started in the Ontario marketplace, expanded to Alberta and is now the first National online retail wine store in Canada, operating under www.wineonline.ca

With the company’s representatives regularly travelling to the world's leading wine regions in search of great values and outstanding selections, the company can provide door to door delivery of quality-focused wines that would otherwise not be retailed in specific provinces.

With Canada's consumption of wine estimated to be growing six times faster than the world average, there should be room for growth in this sector.

In March the company entered into a joint venture agreement and licensed operations agreement with CRAFT Beer Market to establish and operate CRAFT Beer restaurants in China, Hong Kong or Macau.

They plan to open 5 restaurants over 5 years.

The shares are trading at $0.17, and with 51.6 million shares outstanding, the company is capitalized at $8.8 million.

For more information on the company, please visit their website www.firstgrowthholdings.com or contact Paul Guedes, President, at 778-588-5626 or email info@firstgrowthholdings.com.

I’m Amanda Rose Schellenberg for Investmentpitch Media
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