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First Growth Holdings Ltd.

09:53 AM EST - First Growth Holdings Ltd. : Has arranged a non-brokered private placement to raise up to $850,000 by the issuance of up to 17,000,000 common shares at a price of $0.05 per share, subject to regulatory approval. The funds will be used for general working capital purposes and pursuing the Company's current business objectives. First Growth Holdings Ltd. shares V.FGH are trading unchanged at $0.06.