FGF 0.00% 18.0¢ first growth funds limited

FGFL Monthly Reports, page-13

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    Monthly Report from May 6th 2021 can be found here.
    https://webfiles.thecse.com/20210505_FGFL_Apr_Form_7v2.pdf?DyPRaz75Ev7R.62AO_OvPq9wEJjLm699

    During the month the Issuer increased the consulting fees paid to Dalext Products
    Pty Ltd, a entity related to Director Mr Athan Lekkas from A$90,000 to A$150,000
    per annum. Mr Lekkas has been spending considerable more time on First Growth
    Advisory business unit including managing First Growth Funds mining
    investments.

    Acquisitions:
    During the period, the Issuer invested US$100,000 into a put option arrangement
    to acquire interests in Dotz Nano Limited (ASXTZ) and H2Blue Tech, an Israeli
    company that hold Rice University rights for the hydrogen and gas capture
    technology. The Put Option expires November 1, 2021.

    Dispositions:
    During the period the Issuer realised:
    • A$18,629 proceeds and a gain of A$5,250 from the sale of its 75,000 shares held
    in Great Western Exploration Limited (ASX:GTE), and
    • A$46,993 proceeds and a loss of A$8,325 from the sale of its 277,500 shares hled
    in AGC Limited (ASX:AGC).

 
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