Wednesday, March 25, 2015

How successful it appears to be in meeting these challenges and its apparent strategy


According to the 2014 Annual Report and a New Article on Oz Brewing Limited the company will be successful in acquiring 333D Group depending on 333D Group’s financial figures. Oz Brewing Limited has terms under the Heads of Agreement to execute a Share Sale Agreement. The apparent strategy is for Oz Brewing to issue:
  • 1 416 666 667 fully paid ordinary Consideration Shares
  • 66 666 667 fully paid ordinary Facilitation Shares
  • 500 000 000 Options, exercisable at $0.0045 per share and expiring 18 months after Completion
  • 250 000 000 Options, exercisable at $0.006 per share and expiring 24 months after Completion

Oz Brewing has already undertaken a placement under the Heads of Agreement in 2014. There was two tranches which raised $66 223 at $0.003 by issuing 222 074 335 shares. The tranche details were as followed:
  1. Tranche 1 – 62 074 335 Shares at $0.003 were issued on 6 August 2014 raising $186 223
  2. Tranche 2 – 160 000 000 Shares at $0.003 raising $480 000 1 October 2014

However, Oz Brewing Limited needs to focus on improving Revenue to get Oz Brewing out of the red otherwise Oz Brewing Limited is going to be in Administrator.

This information was acquired from the following sites:

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