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BRIEF-Conico proposes to discharge debts by issuing securities

Published 04/09/2015, 12:59 pm
Updated 04/09/2015, 01:07 pm
© Reuters.  BRIEF-Conico proposes to discharge debts by issuing securities

Sept 3 (Reuters) - Conico Ltd CNJ.AX :

* Proposal to discharge debts by issuing securities CNJ.AX

* Says proposal to discharge most of conico's outstanding debts by issuing securities

* Says "company is proposing to convert the above debts into equity at an issue price of 0.8 cents per share"

* Agreed to settle $733,497 representing a large percentage of its long outstanding debts owed to its major shareholder

* Source text for Eikon ID:nASX8N02ks

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