Website: N/A
Stock Symbol: NASDAQ: YUII
Market Value: N/A (in millions)
First Growth Investors, Inc., the “Company” or “First Growth”, was incorporated
under the laws of the State of Nevada on September 9, 1997. In connection with
the organization, the founders contributed $5,050 cash to initially capitalize
First Growth in exchange for 1,750,000 shares of common stock.
On October 15, 1997, First Growth commenced a public offering of up to 250,000
shares of its common stock, in reliance upon Rule 504 of Regulation D,
promulgated by the U.S. Securities & Exchange Commission under the Securities
Act of 1933. The offering closed in November, 1997. The Company sold 250,000
shares of common stock, at $.20 per share, and raised gross proceeds of $50,000
increasing the total issued and outstanding common stock to 2,000,000 shares.
The Company then registered a public offering of its securities. First Growth
Investors declared a distribution of 1,000,000 common stock purchase warrants to
shareholders of record as of September 30, 1999.