At the recent Annual General Meeting of Australia’s Oyster Coast Ltd, Chairman David Trebeck, announced that the Board had agreed to extend the marketing period for the company’s Prospectus by two months to 30 April 2016.
The South Coast based company issued 500,000 shares under its Prospectus on 23 December 2015.
Company chairman David Trebeck said Australia’s Oyster Coast Ltd was well on the way to meeting its target of raising $500,000 under the offer.
“There are plenty of investors who share our confidence in the market appetite for our premium oysters. They see the potential for expansion and future profits, especially given the growing consumer demand for high-quality, environmentally-certified produce in China, Hong Kong and Singapore. That’s good news for the future of the company, and for the more than forty local oyster growing businesses who are our suppliers”, said Mr Trebeck.
The offer is being extended to enable prospective shareholders more time to consider the offer.
“The Australian Securities and Investment Commission approved the company Prospectus on Christmas eve. For many prospective investors, particularly on the South Coast, the summer holiday period is their busiest time. We want to ensure that those South Coast businesses or individuals with an interest in the region’s tourism and economic development have adequate time to consider the offer”, said Mr Trebeck.
Through its capital-raising drive, Australia’s Oyster Coast will be able to pursue its market potential and strengthen the oyster industry that sustains the livelihood of oyster growers across the South Coast region.
The Australia’s Oyster Coast prospectus can be downloaded here.