September 24, 2013

Vitarich Corporation Informs Trading Halt after Resolution of Debt

Vitarich Corporation’s board of directors approved the conversion of parts of its debts to Kormasinc Inc. amounting to P2.3 billion into equity of the corporation at a ratio of 1:1 and that P90M will be applied as payment for the issuance of 90M shares  out of the existing unissued shares while the balance of P2.2 billion shall be issued out of the increase in the authorized capital stock upon approval by SEC. Trading halt will be lifted after 10AM on the 23rd of September 2013. - WealthSec