FirstGrowth Capital Inc.

FirstGrowth Capital Inc.

November 08, 2005 12:33 ET

FirstGrowth Capital Resumes Trading

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - FirstGrowth Capital Inc. (the "Company") (TSX VENTURE:FGC.P) announces that Raymond James Ltd. (the "Sponsor") has forwarded the Sponsorship Acknowledgement Form (Form 2E) to the TSX-Venture Exchange ("TSX-V") for their review.

The Company has made a request to the TSX-V to resume trading of its shares at the opening on Tuesday, November 8, 2005. A resumption of trading shall in no way be construed as the Sponsor's final approval on the merits of the Company's proposed transaction and its completion of its due diligence reviews.

The Company's shares were halted on August 24th, 2005, at the Company's request, due to its proposed acquisition of Kinetex Inc. (the "Target"). The documentation necessary to seek TSX approval to the transaction is being prepared and will be submitted in due course.

The Target is a Calgary-based integrator of applied sciences to the resource industry including both Oil & Gas and Mining. One of the Target's primary services is seismic imaging utilizing the proprietary VectorSeis® Recording System and "Digital 3 Component Full Wave" imaging.

FirstGrowth Capital Inc.

Gilbert Schneider, President

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • FirstGrowth Capital Inc.
    Gil Schneider
    (604) 951-1155