Preshafoods is no longer capital raising so I can tell you a little about it.
A good start is to watch the ABC TV Inside Business show. At the top of the article is the ‘Play video’ button. In this interview Andrew Gibb, Managing Director of Preshafood advises the rational behind listing on ASSOB.
The company made the following press release …
12th OCTOBER 2009
PRESHAFOOD CLOSES CAPITAL RAISING
ON ASSOB OVER SUBSCRIBED
Innovative Australian food and beverage company Preshafood Limited is pleased to announce that the application for investment via the Australian Small Scale Offerings Board (ASSOB) will close today, oversubscribed, at 5pm. The Company has already received applications in excess of $1.5 million and has been delighted with the response from investors. Preshafood appreciates the assistance given by Corporate Advisers Tauro Capital Partners during this process.
In commenting on Preshafood’s capital raising, Simon Ward, Managing Director of Tauro Capital Partners said,
” This is the fastest capital raising turnaround in ASSOB’s history. Applications opened on 16th August and closed today, oversubscribed in less than two months.” Preshafood has continued to build on its string of successes since opening its operations at Derrimut in April 2009. The Company now has its products positioned in Coles and Woolworths stores and other retail outlets across the country. Further recognition culminated in the Company’s recent success at the prestigious international foodbev.com Beverage Innovation Awards, where Preshafood won first prize in both the ‘Best New Juice or Juice Drink’ and the ‘Best New Beverage Concept’ categories.
In commenting on the conclusion of the Company’s capital raising, Preshafood’s Managing Director Andrew Gibb said: “Preshafood is currently experiencing a very exciting time in the development of the Company. Having closed the capital raising oversubscribed and doing so in a record time, signals an exciting FY2010 for Preshafood.”