MOTO GOLDMINES LIMITED (2) (ASX.MTO)

delisted at the request of the company following the completion of the merger with Moto Goldmines Limited (formerly King Products, Inc) by way of scheme of arrangement

we understand MTO became a wholly owned subsidiary of King Products Inc ("King"), a Canadian domiciled company - King changed its name to Moto Goldmines Limited ("MOE") - MTO shareholders received shares in MOE on the basis of 1 MOE share for every 5 MTO shares held (the number of MOE CDIs that a shareholder was entitled to was that 1 MOE Common Share was the equivalent of 5 MOE CDIs - as a result, 1 MTO share was equivalent to 1 MOE CDI eg a MTO shareholder with 5,000 MTO shares was entitled to 1,000 MOE Common Shares which is represented by 5,000 MTO CDIs) - MTO listed optionholders received listed options in MOE on the basis of 1 MOE warrant for every 5 MTO listed options held - MOE Warrants will be exercisable at AU$1.40 per warrant on or before 31 May 2006

shares suspended from quotation in accordance with the scheme of arrangement between the company and its shareholders

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - merger - this corporate event may appear elsewhere in this company record

the company enters into a merger implementation agreement with King Products Inc ("King"), a Canadian domiciled company - it is proposed that upon completion the merged entity will be listed on the Toronto Stock Exchange ("TSX"), with a secondary listing on the Australian Stock Exchange ("ASX") - the merger is to be effected by Schemes of Arrangement in accordance with Section 411 of the Corporations Act

name changed from Equs Limited