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Hydropower - Tier 1 hydro-engineering business - 12% Convertible Note

Categories: Securities, Unissued Securities
Sale Type: Asking Price
Price Guide: AUD $1.5M targeted raise (A$1.6M already committed) @ $10,000 per Convertible Note – 2 year, 12% coupon, conversion discount of 20% to IPO price
Status: Closed

Summary:

New Zealand incorporated company that designs and manufactures hydropower turbines and auxiliary equipment using world-class turbine design processes

  • Clients include blue-chip hydro generation companies throughout Australasia and the Pacific
  • Company has a precision engineering division that provides customers with a “one-stop-shop” for design, manufacture, installation and maintenance
  • Company generates significant revenue and is expecting to be operating cash flow positive in FY2018
  • Projected revenue growth rate of 10%+ per annum

Proposed ASX listing in Q4 2017 subject to favourable market conditions

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