The Original Juice Company (OJC) has lodged the prospectus for the merger of OJC with SPC and Nature One Dairy (NOD) with an offer to select existing and potential shareholders in a bid to raise $1-5 million.
The offer has been made to existing OJC shareholders, other select investors, and existing SPC employees.
The offer is for 666,667 to 3,333,334 new fully paid ordinary shares in OJC at an issue price of $1.50 per new share to raise the $1-5 million (before costs). The capital raise is not underwritten and there is scope to take over-subscriptions.
The priority offer will be for select investors and existing SPC employees who have received an invitation from OJC. An OJC shareholder offer will be for eligible existing OJC shareholders. The minimum application is $2250.
The raise is conditional on a minimum of $1 million being raised, OJC receiving conditional approval for re-quotation on the ASX, four resolutions at OJC’s AGM (22 November) are passed, and the acquisition of SPC and NOD are completed.
