Trading Symbol: FFP
VANCOUVER, Dec. 17, 2012 /CNW/ - As previously announced, William Neil Grant passed away on November 27, 2011. Pursuant to the grant of probate approved and sealed by the Supreme Court of British Columbia on December 14, 2012, all of the common shares of Consolidated Firstfund Capital Corp. ("Firstfund") beneficially owned directly and indirectly by Mr. Grant devolved to his estate in accordance with his will which provides for such shares to continue to be controlled by and for the benefit of members of the Grant family. The Estate of William Neil Grant (the "Estate") beneficially owns directly and indirectly 4,496,467 common shares of Firstfund or 74.86% of the outstanding common shares of Firstfund.
The executors of the Estate are Sue J. Grant, W. Douglas Grant, R. Brian Grant and Cheryl A. Grant (the "Executors"). For so long as the Estate beneficially owns the common shares, the Executors are in accordance with Mr. Grant's will vested with the power to make all decisions with respect to such common shares, including without limitation, voting and transacting in such shares. Accordingly, the Executors of the Estate may be considered to have control or direction over the common shares beneficially owned by the Estate. Each Executor also directly and indirectly beneficially owns common shares for his or her own account. The address of the Estate is c/o 2901 - 837 West Hastings Street, Vancouver, British Columbia V6C 3N7. The Executors of the Estate may be reached at the address of the Estate.
The common shares are held by the Estate for investment purposes and the Estate may, depending on market and other conditions, increase or decrease its ownership position in securities of Firstfund through market transactions or otherwise. A copy of the Early Warning Report will be available on the SEDAR website at www.sedar.com.
"W. Douglas Grant" (signed)
The Estate of William N. Grant
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.
For further information:
or to obtain a copy of the Early Warning Report, please contact: W. Douglas Grant at (604) 683-6611.