A$10M Placement ASX Listed - Renewable Energy

A$10M Placement ASX Listed - Renewable Energy - Offer Closed

Categories:	Securities, Unissued Securities
Sale Type:	Asking Price
Price Guide:	AUD $10M Placement Issue Price $0.22 (24.2% discount to 5 Day VWAP)
Status:	Closed

Summary:

Exposure to renewable energy sector - Leveraging existing infrastructure for low cost development - Positive macro outlook - Government support. Two energy output forms including initial 50MW Solar Project - All permits and approvals received. 20 year revenue guaranteed. ARENA Funded. Construction commencing December 2016. First cash flow Q4 2017 PLUS 250 MW Pumped Storage Hydro - Feasibility completed – Strategic peak generator / energy storage. DvP facility. OFFER CLOSED.