MRDAF: Issuance of 4.23M Shrs of Common Stk [delayed] (KAS)
10/22/2004
MRDAF: Issuance of 4.23M Shrs of Common Stk [delayed]
Ridgeland, MS, OCT 22, 2004 (EventX/Knobias.com via COMTEX) --
Meridian Company Ltd (OTCBB: MRDAF) filed a 6-K today, in which the Company reported that on 10/13/04, the board of directors authorized the issuance of 4.23M shares of common stock to twenty-seven people in settlement of US$634.5K short-term borrowings. The shares issued are restricted from trading for one year. Following the issuance, the total number of issued and outstanding common shares of the Company is 26.7M.