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Description of Capital Stock
The Company intends to utilize any of the following four (4) Investment Plans:
Plan #
1 : By selling 1.330.000 Common
Stock to Investors and receiving
United States Dollars Fourteen
Million ($14.000.000) as Capital
plus United States Dollars Two
Million Four Hundred ($2.400.000) as
Operating Capital thus enabling it
to acquire eight (8) Vessels.
Plan # 2 : By selling 997.500 Common
Stock to Investors and receiving
United States Dollars Ten Million
Five Hundred ($10.500.000) as
Capital plus United States One
Million Eight Hundred ($1.800.000)
as Operating Capital thus enabling
it to acquire six (6) Vessels.
Plan # 3 : By selling 666.000 Common Stock to Investors and receiving United States Dollars Seven Millions ($7.000.000) as Capital plus United States Dollars
One Million Two Hundred Thousand ($1.200.000)
as Operating Capital thus enabling
it to acquire four (4) Vessels.
Plan # 4 : By selling 332.500 Common
Stock to Investors and receiving
United States Dollars Three Million
Five Hundred Thousand ($3.500.000)
as Capital plus United States
Dollars Six Hundred Thousand ($600.000)
as Operating Capital thus enabling
it to acquire two (2) Vessels.
Full description of all
options may be obtained from the
entry “Feasibility Studies for the
Acquisition of up to Eight (8) Bulk Carriers.”
Holders of Common Stock are entitled to one vote per share on all matters submitted to shareholders, and the presence in person or by proxy of holders entitled to cast a majority of the total number of votes which may be cast at any meeting of shareholders shall constitute a quorum for the transaction of business at such meeting.
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