INDEPENDENT NEWS

Warning: investment statement banned

Published: Fri 17 Dec 2010 08:18 PM
Warning: IRA NRG NZ Limited (INNL) investment statement banned
The Securities Commission has banned INNL’s investment statement following the banning of INNL’s website earlier this month. INNL has made an illegal offer of shares to the public. There is no registered prospectus for the offer.
Commission Chairman Jane Diplock reiterated her earlier comments in relation to this company. “The public offer of shares by INNL is illegal as there is no prospectus. Any purported allotment of shares to investors would be void and of no effect. People should not invest in this company until it complies with the requirements of the Securities Act 1978.”
Ends

Next in Business, Science, and Tech

Greenpeace Calls Foul On INEOS Rugby Sponsorship Deal
By: Greenpeace New Zealand
Quarterly Inflation Rising Steadily Across The Board
By: Statistics New Zealand
Primary Products Push Exports To A New High
By: Statistics New Zealand
June Home Transfers Remain High
By: Statistics New Zealand
Household Saving Falls In The March 2021 Quarter
By: Statistics New Zealand
The Ethics Of Caring For The Orca Toa – Expert Reaction
By: Science Media Centre
New Data Shows Household Net Worth Increases On The Back Of Rising Asset Values
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media