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Kelowna, British Columbia–(Newsfile Corp. – April 23, 2021) – FirstShot Fund Inc. “Company” announces a revised business model, sales of US subsidiaries, an acquisition and general corporate information.
The Company has revised its business model due to the global coronavirus pandemic and subsequent quarantines, lockdowns, physical distancing measures and border closures, all of which have made doing business in the US very difficult. The US subsidiaries of FirstShot Centers, LLC and Listing Llama, LLC have been sold, as well as its Canadian parent company, Listing Llama Ltd.
The board of directors has approved a name change for the Company to PintoWest Properties Inc. The domain name PintoWest.com and social media programs and platforms for branding and awareness are being developed.
Real estate investments and operations will be established in Western Canada only. The Company has entered into its first purchase agreement for a premier 264-acre property that includes a marina, 18-hole golf course and development property, presently known as Hyde Mountain Golf Resort, located on Mara Lake in Sicamous, BC. Due diligence has been completed, all subject conditions have been removed, a non-refundable deposit has been paid and documentation for closing and possession is underway.
The board of directors has approved a name change of Hyde Mountain, which will be unveiled in late spring / early summer. The new domain name and social media programs and platforms for branding and awareness and for future marketing and sales of lots is being developed.
The Company has extended the expiry date of all common share purchase warrants to December 31, 2021. Plans are underway to provide notice to shareholders of the virtual Annual General Meeting (“AGM”) expected to be held before June 30, 2021.
The Company will amend the various documents required for listing on the CSE and will reapply for listing when the documentation reflects the changes in the Company.
ABOUT FIRSTSHOT: FirstShot is a reporting issuer whose business model is to develop a specialty market of unique concepts for real estate. The Company has a sound and driven management team with experience in all facets of real estate who will conduct due diligence and consider acquisitions of golf and rv resorts, development lands, and other residential and commercial real estate ventures that arise. Developers, web and marketing and CPA personal are on staff and on the case.
NO SECURITIES REGULATORY AUTHORITY OR STOCK EXCHANGE HAS APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED IN THIS NEWS RELEASE OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to FirstShot within the meaning of applicable securities laws, including its plans for development and acquisition of Hyde Mountain Golf Course and other golf and rv resorts and development lands. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in FirstShot’s public filings under FirstShot Fund Inc.’s SEDAR profile at www.sedar.com. Although…