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0.2¢ volt power group limited

my bad dont keep up enough, I put these guys way deep in the...

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Yetiwizard

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18/01/20

10:31

Post #: 42448243
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Originally posted by kolokithades: ↑

Just refer to these Volt Power Group announcements

ASX ANNOUNCEMENT18 November 2019$0.75M PLACEMENT & ECM SHAREHOLDING SELLDOWNVolt Power Group Limited (Volt or Company) is delighted to advise that after the appointment of administrators to its largest shareholder, ECM,commitments have now been received from the Company’s existing shareholders and sophisticated investors (including the Volt Board of Directors) to acquire ECM’s 2,000,000,000 Volt Shares (ECM Sell Down) for a total value of $450k.The Volt Board has also taken the opportunity to secure sophisticated investor commitments for a $0.75 million capital raising for working capital purposes and in anticipation of the fleet expansion potential of its EcoQuip Mobile Solar Light & Communications Tower and Wescone crushing equipment businesses.The Company will issue 750,000,000 new Volt Shares under its existing 15% placement capacity at an issue price of $0.001/share to complete the capital raising. The ECM Sell Down and capital raising are expected to be completed by 25 November 2019.

ASX ANNOUNCEMENT28 November 2019$0.75M PLACEMENT & ECM SELLDOWN COMPLETEDVolt Power Group Limited (Volt or Company) is delighted to confirm that the recently announced confirmation of commitments from existing shareholders and new sophisticated investors to:• acquire the 2,000,000,000 Volt shares owned by the Company’s largest shareholder, ECM (ECM Sell Down); and • subscribe for 750,000,000 new Volt Shares at 0.1 cents per share to raise $750,000 of new funding (Placement)have now been successfully completed.The Company’s CEO & Managing Director, Mr Adam Boyd said;“The sale of ECM’s ~24% Volt shareholding has resolved the ownership uncertainty associated with this significant shareholding after the appointment of an Administrator to ECM’s trading businesses in August 2019. The purchase of this shareholding, predominantly by existing Volt shareholders, is a positive step forward for the Company.“The Volt Board is delighted to have completed a $750,000 capital raising to provide working capital funding for our innovative equipment solutions. Our new Wescone and EcoQuip equipment demonstration and trialing initiatives are delivering beyond expectations and further news on the results of this is expected in the coming weeks.“We are particularly pleased to welcome the privately owned and WA domiciled GenusPlus Group Pty Ltd (Genus) as a new substantial shareholder of the Company. Genus has acquired a 5.13% ownership interest in Volt by participating in the Placement and ECM Sell Down. “Genus is a national power and communications infrastructure contractor and service provider. The business was founded by David Riches 10 years ago and has grown to over 350 full time employees. The Riches family have an extensive business history in the power industry that spans three generations over ~50 years. Looking forward, the Company and Genus plan to explore potential opportunities to work together and leverage our respective capabilities and relationships.

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my bad dont keep up enough, I put these guys way deep in the bottom draw back when we went into receivership as erj.

VPR Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $16.07M

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