A Prospectus inviting investors to participate in a $30 million capital raising by Kailis Organic Olives Groves to fund the purchase of the Great Southern Olive Assets has been approved by the Australian Securities and Investments Commission (ASIC).
Until 21 June, investors can subscribe for $1.00 Shares in Kailis Organic Olive Groves. Minimum subscriptions in the conditional initial public offering are for parcels of 2000 Shares.
The company will be the world’s biggest producer of extra virgin olive oil when it completes the $19.7 million purchase of 1795ha of planted and irrigated olive groves in Western Australia originally developed by Great Southern. Kailis Organic Olive Groves has managed the Great Southern Olive assets for the past five years.
Managing Director Mark Kailis said that, with 680,000 trees, products in more than 250 Australian retail outlets and exports to seven countries, investors in Kailis Organic Olive Groves will be part of a vibrant and rapidly growing leader in EVOO.
For more information go to http://www.kailisorganic.com or email enquiries@kailis.com to request a copy of the prospectus.
