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| Exchange Disseminated Time | Country Condos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2009, inter alia, has transacted the following businesses:
1. Considered the issue of Bonus Shares at the rate of 1:2 i.e. (2 Equity Shares for every 1 Equity Share held in the Company) and recommended to the members in the ensuing 22nd Annual General Meeting approve the Bonus issue. Bonus shares will be allotted after obtaining the members approval in 22nd AGM.
2. Approved the issue of 1,70,00,000 convertible warrants to the proposed promoters of the Company.
3. Approved to raise funds by issue Global Depository Receipts, issue of Equity Shares under Qualified institutional Placement mechanism etc. |
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