Today, we feature Andean Mining Corporation which has signed a binding Term Sheet to merge with Erinbar Limited and list on the ASX. It
is now raising capital through the issue of pre IPO Convertible Notes.
Also, a video presentation from My Farmer World the developer of a world-first ear tag and technology platform to remotely measure and monitor animal weight and wellbeing.
In keeping with the Ag theme another TechTalk video featuring a round table of Ag industry experts discussing investing the topic “Agritech Offers Fertile Upside for Investors”.
Finally, Dampier Gold (ASX:DAU) (who have an Investor Centre on our platform) recently announced that it has completed a further A$1M capital raising to accelerate its drilling program.
Andean Mining Corporation: This Australian unlisted company has purchased 100% of the high grade El Dovio VMS gold/copper advanced exploration project in Colombia and signed
a binding Term Sheet to merge with Erinbar Limited and list on the ASX.
Erinbar has entered into a farm in agreement on the Ducie gold project in Ghana. Following the IPO the Company also intends to undertake exploration on the Ducie project.
The Company is now raising A$250,000 through the issue of convertible notes as working capital funding to an IPO which is planned for Q4 2020.
The Notes will convert at a 20% discount to the IPO issue price or at a 40% discount if the IPO does not go ahead using a base price of A$0.05. The Notes will attract a 15% coupon rate which will be capitalised and converted into Andean shares prior to the IPO.
For more information and a video presentation Click Here.
My Farmer World has developed a world-first ear tag and technology platform to remotely measure and monitor animal weight and wellbeing. This software provides farmers
with simple, actionable business intelligence.
The MFW ear tags are the first in the world to remotely measure cattle and other animal weight. Additionally, the ear tags can report on identity, location, feeding, health, temperature and give alerts on boundary breakouts. This data is aggregated and reported historically to provide farmers with a holistic view of their farm.
For more information about this opportunity Click Here.
The TechTalk expert panel this week is Phil Morle, partner at Main Sequence Ventures, Richard Jagger, CEO and MD of Bio-Gene Technology (ASX:BGT) and Nancy
Schellhorn, CEO and co-founder at RapidAIM.
The group discusses a range of topics, including the agritech sector’s key drivers, core risks, opportunities for investment and much more.
Dampier Gold Limited (ASX: DAU) announced that it has completed a $1M placement via a two tranche share placement to sophisticated
investors to continue its exploration and development strategy of its significant gold project holdings located near Kalgoorlie in Western Australia.
Following Dampier’s initial milestone capital raising of A$1M in March 2020 and its successful drilling campaign at Credo, Dampier has finalised a further strongly supported $1M.
- The continued investment will be used to fund immediate drill programs, targeting resource growth on the Zuleika shear and to build on the outstanding exploration success at Credo.
- New drilling programs set to commence with key planned activities to include:
- test multiple targets at the Zuleika Gold Project, leveraging off the extensive historical drilling and geophysical data;
- continue with the successful drilling program at the Credo Gold Project, with the aim to increase resources; and
- aggressively explore the Menzies and Goongarrie gold projects to further the growth pipeline.
To view Invetor Centre Click Here.