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Oct 28, 2005

G.O.B. extends B.T.L. share purchase deadline

Late this evening, the government announced that it is extending the deadline of its B.T.L. share offering. The shares will now be available for an additional two weeks, until November eleventh. Although payment was originally restricted to U.S. dollars in U.S. cheque form only, the Central Bank has changed that position and is now allowing investors to purchase up to five hundred shares in Belize or U.S. dollars, while anything over five hundred shares will have to be acquired with U.S. dollars or bank draft. The shares sell for U.S. two dollars and seventy-one cents each and must be purchased in multiples of one hundred. All Belizeans are encouraged to make use of the offering and purchase at least the minimum hundred shares.

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