Jun 1st 2008, 15:55 HOT Kush Islands
by Clintovius Trotter

HOT Secondary Offering

Kush Islands hereby announces its intention to make a secondary offering on SL Capital Exchange.

Faced with an uncertain land market, we want to raise equity to ensure our continued liquidity. We do not have liquidity issues at the moment, but want to be proactive in raising capital so as to be in a better position to weather any potential turbulence going forward. Given our high fixed costs (island tier), we believe that maintaining a strong cash reserve is necessary in the current environment.

We are looking to raise about L$500,000 and think we will price the offering between L$1.40-1.60. Funds will be used to retire debt and bolster cash reserves, as well as invest opportunistically as market conditions permit.

We expect to make the offering available in the coming weeks.

Please provide any feedback you have at http://slcapex.com/forums/topic/HOT/1953.


Best Regards,

Kush Islands Management