MYKCO Ltd. makes a non-recourse loan.

Mykco Limited
Level 7, 12-26 Swanson Street,
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145
Fax +64 9 358 3858




MYKCO Ltd. makes a non-recourse loan.


MYKCO Ltd. (MYK) the NZAX listed shell company advises that it’s directors have resolved to
make a non recourse loan to Corporate Holdings Ltd. (CHL) a new special purpose company
owned by Garth Ward and whose Directors include Garth Ward and Brent King.
The amount advanced is $100,000. The transaction is on the basis that if a purchase is made
by CHL then the advance will convert to ordinary shares in CHL.

Mr. King said, “CHL is now actively looking to buy financial services businesses and if it is
successful it will give MYK first right of refusal to a scrip bid for CHL.
MYK has no obligation to bid for CHL, it is simply an option to do so.
Currently there are no businesses owned by CHL, however they expect to make progress
over the next 4 to 12 weeks. The periods may be longer if regulatory approvals are required.
CHL will also have to arrange funding for any acquisitions. ”

Mr. Chew Chairman of MYK said, “ this allows the board an option at a low value. We can
see what businesses CHL is able to purchase and how attractive the businesses are to us.
We will advise as soon as progress is made ”

For further information please contact:


Brent King
Director
Brent.King@irg.co.nz
021-632 660


30 March 2017