Shares of Co be consolidated on one for five basis Company be authorised to allot and issue 20,000,000 shares to the investment group at issue price of $0.002 ea and 78,000,000 shares to the investment group at an issue price of 0.009 ea toether with 39000000 fee Options on basis of one free option for every two shares subscribed To raise $742000
Recapitalisation proposal was put forward by Winning Corporate on behalf of investment group by Deed Administrators on 15 March 2006
New Board of direcors intend to continue insolvency and admin business currently operaed by KIA
Change of name to Reco Financial Services Limited
General Meeting on 14 June at Nicols & Brien Level 2 350 Kent St. Sydney NSW at 11 am
KIA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
