First Growth Holdings Ltd.
TSX VENTURE : FGH

First Growth Holdings Ltd.

April 26, 2016 14:34 ET

First Growth Enters Into Agreement to Sell WineOnline Marketing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 26, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

First Growth Holdings Ltd. (TSX VENTURE:FGH) ("First Growth" or the "Company") announces that the Company has enter into a definitive agreement (the "Agreement") with 2057611 Ontario Inc. ("2057611"), a company that is 100% owned by The Bick Group, to effect a sale by the Company of all of the issued and outstanding shares of WineOnline Marketing Company Ltd. ("WineOnline") to 2057611 for the following consideration:

  1. a cash payment of $636,000; and
  2. The Bick Group returning to the Company for cancellation 5,299,982 common shares of the Company currently owned by The Bick Group.

The completion of sale of the issued and outstanding common shares of WineOnline and related transactions described in the Agreement (the "Transaction") will be subject to customary conditions, including the approval of the TSX Venture Exchange.

About First Growth Holdings Ltd.

First Growth is a Canadian-based company that identifies and develops strong brands in the Canadian and international markets. First growth's brands have a global reach in today's modern world with the rapid adoption of social media and advancements in technology. First Growth recognizes the potential for its brands to penetrate international markets and will be focused on developing each one of its brands to its fullest potential.

ON BEHALF OF FIRST GROWTH HOLDINGS LTD.:

Ting Zhao, Chief Executive Officer

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

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