News Release
Company Announces Name Change, Share Consolidation, Increase in Share Capital and Asset TransferLondon, United Kingdom, November 12, 2003 - On October 14, 2003, the Company's shareholders approved the special resolutions to consolidate the Company's share capital, increase the authorized share capital, change the name of the Company and transfer substantially all of the assets of the Company to a Barbados subsidiary. As a result, the Company has now completed the consolidation of its share capital on the basis of one new share for each 10 old shares, increased its share capital to 500,000,000 shares with a par value of US $0.01 per share and changed its name from Cubix Investments Ltd. to Q Investments Ltd. Effective at the opening on November 10, 2003, the common shares of Q Investments Ltd. commenced trading on the TSX Venture Exchange under the symbol QI and the common shares of Cubix Investments Ltd. were delisted. The Company had originally announced its intention to continue from the jurisdiction of Bermuda to the jurisdiction of Barbados in pursuance of its application for a banking licence in Barbados. It has now been determined that the Company will remain a Bermuda company and that the application for the licence will be made by a newly incorporated Barbados subsidiary. For this purpose, the shareholders were asked to approve the transfer of substantially all of the Company's assets to the Barbados subsidiary which approval, as stated, was also received at the October 14, 2003 meeting. For further information contact the Company at 44-20-7977-1268 or visit our website at www.cubixinvestments.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. © 2007 Q Investments Ltd. (TSX: QI) - Please read our Disclaimer. |
TSX: QI
