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Friday, October 27, 2006

Kontiki invests in Yaqara venture

Yaqara Group Limited (YGL), a company listed on the South Pacific Stock Exchange, and Kontiki Capital have reached an agreement on raising capital for Yaqara.

The agreement will cover Kontiki’s ongoing involved with YGL in the management, corporate advisory and financing of YGL’s Yaqara Studio City development.

Kontiki Capital is to manage and participate in the underwriting of a redeemable convertible note issue for YGL of up to F$4.5 million at a price of F$0.50 per note.

The issue would be via a rights issue to existing shareholders and underwritten through Kontiki Capital and a syndicate of investor groups. The notes will be convertible to shares at a significant discount to the current share price to encourage maximum shareholder and local institutional participation.

Note from GV : Individuals and groups that need investment advice can use our company, Gilbert & Samuels Company Limited, for assistance. Our principal, Gilbert Veisamasama Jr, is an Investment Advisor licensed by the Capital Markets Development Authority (of Fiji). To contact us, you can e-mail gilbert@connect.com.fj or call telephones +679 3396427 or +679 9921427.

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