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BSX Approves Listing of The African Property Development Fund Ltd
Hamilton, Bermuda: 25 January 2008 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of the 24,500 non-voting redeemable preference Class C shares of the African Property Development Fund Ltd (the "Company"). The listing was effective from 18 October 2007.
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The African Property Development Fund Ltd was incorporated in BVI as an open-ended investment company on 04 June 2007. The listing application for the Company is restricted in the Offering to Qualified Investors.
Apex Fund Services Ltd. sponsored the listing of the 24,500 non-voting redeemable preference Class C shares of the Company.
The issue is approved for listing under the Restricted Marketing provisions of the Exchange and is for securities that are aimed at Qualified Investors, being individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability tests defined by the Exchange.
For further information on the African Property Development Fund, please contact Nicholaas Faure at phone: +1 284 494 9820, fax +1 284 494 6934 or email osiristrust@surfbvi.com