Click here to go to the Front Page News

The Timeshare Beat Home | Today's Headlines | Back to Previous Page


Firstfund arranges financing for Sandcastle project

Trading Symbol: FFP

Press Release: Consolidated Firstfund Capital Corp.
July 1, 2004
VANCOUVER, BC -- Consolidated Firstfund Capital Corp. is pleased to announce that it has successfully arranged financing through the Frontier Bank of Bellingham, Washington for US$10,000,000 to construct Gold Star Resorts' Sandcastle project in Birch Bay, Washington. The Sandcastle project is an 86,000 sq. ft. building consisting of 62 condominiums and retail space. Construction is scheduled to start August 7, 2004.

Firstfund has been paid by Gold Star Resorts its fee of US$220,000 for organizing the Sandcastle project and arranging the financing through the Frontier Bank.

Firstfund is a venture capital and property development and management company doing business primarily in Canada and West Coast, U.S.A. Details of our property management and development business can be viewed on www.goldstarresorts.com or www.firstfund.ca (linked).

	    On behalf of the Board of
	    CONSOLIDATED FIRSTFUND CAPITAL CORP.


	    William N. Grant (signed)
	    _____________________________
	    William N. Grant, President & CEO


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information

Douglas Grant, Vice President & CFO at (604) 683-6611 or info@firstfund.ca

Source: Consolidated Firstfund Capital Corp.