AnaeCo Limited (ASX: ANQ)

Course Image

For the offer of 12,000,000 Shares at an issue price of 25 cents each to raise $3,000,000 (Offer). Oversubscriptions of up to a further 12,000,000 Shares at an issue price of 25 cents each to raise a further $3,000,000 may be accepted.

AnaeCo Limited (ASX: ANQ) (Waste Management)

IPO -

Key highlights of an investment in AnaeCo include;

  • Core Intellectual Property is proprietary and patent protected.
  • A 10 year alliance has been formed with Perpetual, a blue chip financial institution in the role of infrastructure investor.
  • Technology was developed and tested in pilot plant stage for 7 years.
  • Technology development phase included collaborative involvement from Australian universities and government backed research centre.
  • The DiCOM® Bioconversion process integrates anaerobic digestion and aerobic composting inside a single vessel
  • The DiCOM® System is environmentally friendly, as it;
    • Enables production of renewable energy,
    • Enables carbon dioxide offset,
    • Produces a organic fertiliser, and
    • Consumes low amounts of water.
  • The DiCOM® System enables AnaeCo to earn revenue from multiple streams;
    • Waste processing gate fees,
    • Sale of recyclables,
    • Renewable energy,
    • Organic fertiliser produced as an end product,
    • License fees and royalty fees from technology licensing, and
    • Potential sale of environmental credits.

Offer of Shares

By Prospectus, the Company offers for subscription up to 12,000,000 Shares at 25 cents each to raise up to $3,000,000.
The Directors reserve the right to accept oversubscriptions up to a maximum of 12,000,000 shares which would raise an additional $3,000,000.
The Shares offered under Prospectus will rank equally with the existing Shares on issue.

UNDERWRITER – MARTIN PLACE SECURITES PTY LIMITED

Summary of Total Offer

Unit Price: A$0.25
Total Units on Offer: 12,000,000
Raising: $A3,000,000

Head Broker:

Barry Dawes
bdawes@mpsecurities.com.au
+61 2 9222 9111

About this Capital Raising

  • IPO
  • October 31, 2007 17:00
  • A$ 3,000,000