Wide Open Agriculture Limited (Proposed ASX Code: WOA)

Expansion in Outdoor Growing Areas- Wide Open Agriculture Limited’s business model is based on vertically integrated food and agriculture structure that comprises land assets and protected cropping. It is committed in making a positive impact on the communities and ecosystems in which it operates. It is focused on improving biodiversity, enhancing soil health and creating new jobs and enterprises in Western Australia’s Wheatbelt. The Company issued the Prospectus on 12 April 2018 and offered to raise $5,000,000. It has invited subscriptions for 25,000,000 shares at 20 cents per share. WOA works on ‘4 Returns’ that is Financial Returns, Social Returns, Natural Returns and Inspirational Returns. The funds will be used for a 2-years’ expansion program for the Company’s operations by expanding the protected cropping business (including establishing a second protected cropping operation in the Western Australian Wheatbelt), promoting and expanding the Food for Reasons brand and its products as well as funding the regenerative farmland management project and assessing additional projects. WOA will expand outdoor growing areas at the Arthur River project and will establish a second protected cropping system. On the same hand, there are few risks which one can face while investing in such a Company like cropping operational risks such as those related to disease and pests, contractual lease risks, brand acceptance and competitive pressures for the food brand, management of growth, future funding risks, repayment of loan obligations and dependence on key personnel as well as general financial and economic factors. It is expected that the Company will start trading on 26 June 2018. It is worth to note that auditors mentioned in their report about the material uncertainty as whether it will be able to continue as a growing concern but never gave a qualified report.


2-Year Expansion Project Budget (Source: Company Reports)
 

GeoCrystal Limited (Proposed ASX Code: GDC)

Returns to Shareholders through the successful exploration- GeoCrystal Limited is anAustralian based exploration company that is focused solely on diamond exploration and discovery in Australia. The Company issued a Replacement Prospectus (dated 31 May 2018) in place of its Original Prospectus dated 4 May 2018. GDC holds several of Australia’s most prospective and exciting diamond exploration acreages, backed by one of the most successful diamond exploration teams in the country. The Offer is for a conditional initial public offering of up to 35,000,000 Shares at an Offer Price of $0.20 to raise up to $7,000,000 (before costs). As, on date, the Company currently has interests in two diamond exploration projects, the Webb Project and Yambarra Project; and prior to admission, will acquire an 80 per cent interest in a third diamond exploration project, the Merlin South Project. The Group will use the funds to undertake exploration on the Tenements, fund the Acquisition of Merlin South Project, pay expenses of the Offers, and towards general administration fees and working capital. On the same hand, one should be aware of the risks that are involved in investing like there can be title risk and development risk. Diamond exploration and development is a high risk undertaking. The Company’s projects are at different stages of development and there can be no assurances that exploration of acquired projects or any other exploration properties that may be acquired in the future will result in the discovery of an economic resource. Further, the Company has no operating revenue and is unlikely to generate any operating revenue unless and until the Projects are successfully developed and production commences.  It is expected that it will be listed on ASX on 29 June 2018.


Corporate Structure of the Company (Source: Company Reports)

 
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