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Update: CUB's acquisition of Balter for up to $200m supports the value potential of quality craft brewers. More here
The Lead Manager has received commitments well in excess of the $10m minimum offer size
Founders First Ltd (ASX: FFL) is an Australian based craft beverage ‘accelerator’ operated by a group of leading liquor industry professionals. The company invests in select craft beverage businesses alongside their founders and accelerates their growth through the provision of capital, sales and marketing, supply chain and management expertise and the operation of venues. With investments in nine independent craft operators in four states, shareholders will have a direct interest in a portfolio of craft beverage businesses that are poised to capitalise on this large and profitable market opportunity. FFL generated pro forma revenues of $7.6 million for FY2019.
Tesoro Resources Ltd (proposed ASX code: TSO) is an Australian gold exploration company, with interests in two gold projects located in world class mining regions in Chile (El Zorro and Espina, The Projects). Tesoro has completed a sixteen hole diamond drill program at El Zorro with all holes intersecting gold mineralisation. The Company intends to rapidly advance exploration and development of El Zorro. At Espina, two major epithermal style gold mineralised trends have been identified from detailed geological mapping and surface geochemical sampling, which have been completed by Tesoro.
Offer closed early via OnMarket.
Openpay Group Ltd (ASX: OPY) is a Melbourne based payments technology company that offers a purpose built, flexible payments solution, facilitating seamless, secure and swift payments between merchants and customers. The platform allows customers to better manage their cash flow by splitting payments for their in-store and online purchases over time and free of interest. The offering provides plans of between $50 to $20,000 in value, ranging from 2 to 24 months in duration. Targeting higher value purchases across retail, automotive, healthcare and home improvement, active merchants have grown to 1,754 across Australia, UK and NZ. The Company currently has over 318,000 active plans, growing at a CAGR of 112.4% from FY17 to FY19.
OnMarket has a limited allocation. Applications over $5,000 may be scaled back more heavily.
Offer closed via OnMarket. Payments for applications must be made by 5pm Friday 6 December (AEDT).
Happy Valley Nutrition Limited (ASX: HVM) was incorporated in New Zealand in 2016 to develop a vertically integrated, formulaic milk processing, blending and packaging facility that produces Infant Milk Formula (IMF) and Other Nutritional Products for sale in the global export markets. The planned facility is strategically located in the Waikato region, a large catchment area of A2, organic, and pasture fed milk herds in New Zealand the Company has a unique opportunity to create premium products for customers focused on provenance, innovation and product flexibility. The Company has successfully obtained Resource Consents which include land use, air discharge, stormwater discharge and water take to develop the facility. The Company has been in discussions with strategic partners and customers.
Offer closed via OnMarket. Please ensure applications are funded ASAP to avoid missing out.
13 Seeds Limited (ASX: 13S) is an Australian hemp food and nutraceutical company established in and based in Tasmania. The Company sources high-quality hemp seeds for processing by third parties and then distributes its products online and via its nationwide distribution partners. With 15 products in its gourmet food range and 10 products in its skin care range, the Company has one of the widest ranges of hemp food and nutraceutical products in the Australian hemp market and are able to leverage its access to a large percentage of non-major supermarkets, independent grocers, and health food stores across Australia.
Tartana Resources Limited (ASX: TNA) is focusing on copper and zinc, two commodities which are highly leveraged to economic growth, particularly in China and the electric vehicle revolution. Tartana Resources has two key project areas, the Tartana Copper/Zinc project in near Chillagoe in north QLD and the Zeehan Zinc Slag project in western TAS – all on granted mining leases. These projects offer potential for cash flow generation, as well a significant exploration appeal with porphyry copper targets.
The iCetana Ltd IPO has successfully closed. Allotment is expected to occur on 17 December, with ASX listing expected on or around 18 December 2019.
The OpenLearning Limited IPO has successfully closed. The ASX listing date is yet to be confirmed, but is expected to be on or around Thursday 12 December 2019. Allotment of shares is expected on 9 December.
The Amaero International Limited IPO has successfully closed and was heavily oversubscribed. Allotment of shares has occured and the company will list on ASX at 11am on Friday 6 December 2019 (AEDT).
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