Exhibit 99.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) May 20, 2008
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FIRST CORPORATION
(Name of Small Business issuer in its charter)
COLORAD0 0-52724 90-0219158___
(State or other jurisdiction of (Commission File No.) (IRS Employer
incorporation or organization) Identification No.)
254-16 Midlake Boulevard |
Calgary, Alberta |
Canada T2X 2X7 |
(Address of principal executive offices)
(403) 461-7283
(Registrant’s telephone number)
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Item 2 01. Completion of Acquisition or Disposition of Assets
On May 18, 2008 the registrant’s board of directors voted unanimously to discontinue exploration of it mineral claims in the Red Lake district of northern Ontario, due to the difficulty in securing adequate financing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
EXHIBITS
99.1
Board Minutes – May 18, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
August 25, 2008
First Corporation
/s/Todd Larsen
Todd Larsen, President
/s/ Sheryl Cousineau
Sheryl Cousineau, Secretary/Treasurer
Exhibit 99.1
Board of Directors Minutes
MINUTES OF THE BOARD OF DIRECTORS
OF
FIRST CORPORATION
May 18, 2008
A meeting of the Board of Directors of First Corporation (the “Corporation”), was held on May 18, 2008 at 11:00 a.m. Mountain Daylight Time.
Directors participating in the meeting were:
Todd Larsen and Sheryl Cousineau
The following resolutions were put forth:
RESOLVED:that the corporationdiscontinue all exploration efforts on its mineral claims in the Red Lake District of Northern Ontario. Efforts to attract additional financing over the past approximately ten months have proved futile. Negotiations with two separate groups who showed initial interest were terminated due to the corporation being designated a shell corporation and market conditions currently prevalent.
Resolution passed
RESOLVED: that every effort is to be expended on behalf of the shareholders to identify and acquire one or more business opportunities.
Resolution passed
There being no further business, the meeting was adjourned.
/s/Sheryl Cousineau
/s/Todd Larsen
Sheryl Cousineau, Secretary
Todd Larsen, President and Chairman of the Board
