TSXV Trading Symbol: FFP
VANCOUVER, BC, April 29, 2024 /CNW/ - The financial results of
Consolidated Firstfund Capital Corp. (TSXV: FFP) (the "Company" or
"Firstfund") for the three months ended December 31, 2023 show a net income of
$93,959 or $0.01 per share (2022 - net loss of $4,286 or $0.00 per
share). The Company recorded an unrealized net gain of
$70,087 for the three months ended
December 31, 2023 (2022 - unrealized
net loss of $81,087) on the
revaluation of the investments in Vitality Products Inc. (TSXV:
VPI) measured at fair value through profit or loss. The
Company's fee income increased to $94,385 for the three months ended December 31, 2023 (2022 - $85,982).
The financial results of the Company for the year ended
December 31, 2023 show a net income
of $7,565 or $0.00 per share (2022 - net loss of $316,748 or $0.05
per share). The Company recorded an unrealized net loss of
$35,043 for the year ended
December 31, 2023 (2022 -
$431,520) on the revaluation of the
investments in Vitality Products Inc. measured at fair value
through profit or loss. The Company's fee income increased to
$358,096 for the year ended
December 31, 2023 (2022 -
$330,416).
The Company's audited consolidated financial statements and
management's discussion and analysis for the years ended
December 31, 2023 and 2022 are
available on SEDAR+ at www.sedarplus.com.
About Firstfund
Consolidated Firstfund Capital Corp. (TSXV: FFP) is a venture
capital company. The Company is primarily engaged in
financial consulting relating to real estate development and
venture capital activities in Canada and the United States. The
Company is an investment issuer listed on the TSX Venture
Exchange. Firstfund has invested its capital in both private
companies and publicly traded companies since 1983. The
Company continues to investigate other investment opportunities for
its portfolio. Firstfund earns fee income for real estate
development and property management activities performed on
properties owned by other companies and limited partnerships
managed by companies under common control.
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.