Frontline Gold Corp V.FGC.H

FGC finance news.

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Gil & Vern are doing a good job,running FGC. FirstGrowth Capital Inc. Announces $4.2 Million Financing Aug 2, 2007 2:13:00 PM VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2007) - FirstGrowth Capital Inc. ("FirstGrowth") (TSX VENTURE:FGC)(FRANKFURT:G8Q) is pleased to announce that, subject to regulatory approval, it will complete a non-brokered private placement for gross proceeds of $4.2 million. The private placement will consist of up to 4 million Units of the company at a price of $1.05 per unit, each unit consisting of one share and one full share purchase warrant. One whole warrant will entitle the holder to purchase an additional share in the company at the price of $1.75 for two years. The placement has been fully subscribed and is subject to a number of conditions, including regulatory acceptance. The Units will be subject to a four-month hold period following the closing. Proceeds of the financing will be used to fund the company's continued growth as well as for working capital. About FirstGrowth FirstGrowth is an oil, gas and mineral exploration services company focused on the organic growth of its subsidiary, Kinetex Inc. In addition, FirstGrowth's goal is to make acquisitions in the resource services sector accretive to Kinetex's current seismic imaging services. Kinetex has been a developer of advanced exploration techniques for over six years as a Calgary-based integrator of applied sciences to the resource industry, including oil & gas exploration and development, and precious and base mineral exploration and evaluation. One of Kinetex's primary services is targeted implementation and optimization of seismic imaging using the proprietary VectorSeis Recording System and Digital 3 Component Full Wave Imaging. Kinetex continues to be focused on offering value added services which accelerate the advancement of both grass roots exploration and development. 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. The company seeks safe harbour. FOR FURTHER INFORMATION PLEASE CONTACT: FirstGrowth Capital Inc. Gil Schneider [phone] Email: [e-mail] Website: www.firstgrowthcapital.ca