Capital Increase Formalization

ICF-SME collected shareholder proceeds sufficient to convert $1 million of the USAID-Tijara grant into share capital, thus raising it to 2,352,000,000 shares of a nominal value of one ID per share. It must now complete all the legal documentation --- shareholder minutes, revised articles, bank confirmation of funds placement, etc. --- to file with the Registrar of Companies for confirming validation of its higher capital level.