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The Lead Manager has confirmed that the company has reached the $5 million min offer size.
Renergen Ltd (ASX: RLT) is an emerging producer of helium and LNG with their principal asset being a 90% shareholding in Tetra4, which holds the only onshore petroleum production right in South Africa (Virginia Gas Project). This natural gas project contains one of the richest helium concentrations recorded globally and development of this project has committed debt funding of US$40 million from OPIC, the US government development finance institution. Helium is used in cryogenics (including MRI), welding, semiconductor manufacturing, optical fibre manufacturing, leak detection, lifting and rocketry. Renergen has already listed on AltX with a market capitalisation of approximately $77.7 million.
Trigg Mining Limited (ASX: TMG) is a mineral exploration company focussed on developing a sustainable sulphate of potash (SOP) mine in WA. SOP is an essential fertiliser needed for global food production of high value crops and human nutrition, where it can assist in the prevention of stroke and heart disease. Early exploration work has established a JORC compliant target representing ~15% of the total tenure. The company will have an enterprise value of A$7.1 million at listing. Investors will receive 1 free attaching option for every 2 shares subscribed.
Offer closed early via OnMarket. All payents due by 5pm, Thursday 23 May (AEST)
Viva Leisure Ltd (ASX: VVA) operates 29 health clubs with over 47,500 members within the ACT and NSW. With a further 16 locations under development, the clubs largely operate under the Club Lime brand, offering different membership options and a range of facility types, from big box to boutique fitness facilities. Revenues of $24.1 million for FY2018, are forecast to increase to $46.8 million by FY2020.
Australian Nutrition & Sports Ltd (ASX: AN1) is focussed on the development, branding and distribution of its own high-quality milk formula, health and wellness products for sale in Australia, China, Hong Kong, with plans to expand into further Asian markets over time. Currently focused on infant and adult milk formula products, protein-based health and wellness nutritional supplements, the company has successfully commercialised a number of products in Hong Kong with distribution through ~350 pharmacies. Expansion into the Chinese market is supported by production agreements with export approved Australian manufacturers.
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