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POINTERRA LIMITED — Capital/Financing Update 2016
Jul 10, 2016
64255_rns_2016-07-10_89667897-5465-4042-b004-c015c4ed7117.pdf
Capital/Financing Update
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Pointerra Limited
6 July 2016
STATEMENT OF CAPITAL STRUCTURE
The capital structure of Pointerra Limited (ACN 078 388 155) (formerly 'Soil Sub Technologies Limited') ( Company ) following completion of the acquisition of Pointerra Pty Ltd (ACN 605 297 050)) and the issue of securities pursuant to the prospectus dated 28 April 2016 (as supplemented by a supplementary prospectus dated 13 May 2016) ( Prospectus ) is set out below.
| Capital Structure | Shares | Options1 | Performance |
|---|---|---|---|
| Shares2 | |||
| Securities on issue as at date of Prospectus | 24,092,127 | - | - |
| Securities issued under the Prospectus pursuant to the Public Offer |
166,634,364 | - | - |
| Securities issued under the Prospectus to the shareholders of Pointerra Pty Ltd |
86,666,666 | - | 165,000,000 |
| Shares issued pursuant to Debt Conversion | 36,099,000 | - | - |
| Securities issued to advisers to the Company |
12,500,000 | 42,000,000 | - |
| Incentive Options issued to Directors | - | 60,000,000 | - |
| TOTAL | 325,992,157 | 102,000,000 | 165,000,000 |
Notes:
-
Options are exercisable at $0.05 on or before 30 June 2019.
-
The terms of the Performance Shares are set out in Schedule 1 of the entity’s Notice of General Meeting released 31 March 2016.
Pointerra Limited | ABN 39 078 388 155 Registered Office: c/-Westar Capital Limited, Level 4, 216 St Georges Terrace, Perth WA 6000 T +61 8 6268 2622 | F +61 8 6268 2699 | E: [email protected]
Pointerra Limited
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6 July 2016
STATEMENT OF COMMITMENTS – (BASED ON ACTUAL FUNDS RAISED $4,999,031)
Pointerra Limited (ACN 078 388 155) (formerly 'Soil Sub Technologies Limited') ( Company ) intends to apply funds raised from the Offers, together with existing cash reserves following re-admission to the Official List of the ASX (for the purpose of satisfying ASX’s requirements for re-listing following a significant change to the nature and scale of the Company’s activities) as follows:
| Funds Available | ($) | % | |
|---|---|---|---|
| Existing cash reserves of the Company | 50,000 | 1.0% | |
| Funds raised from the Capital Raising | 4,999,031 | 99.0% | |
| TOTAL | 5,049,031 | 100.0% | |
| Allocation of funds | Note s |
($) | % |
| Sales Advertising and Marketing | 1,100,000 | 21.8% | |
| Research and Development | 2,320,000 | 45.9% | |
| Expenses of associated with the Acquisition and Offers |
1 | 620,077 | 12.3% |
| Working Capital | 2 | 1,00,8954 | 20.0% |
| TOTAL | 5,049,031 | 100.0% |
Notes:
- The total expenses of the Offers (excluding GST) are:
| Expenses | ($) |
|---|---|
| UNDERWRITER/BROKER FEES | |
| Lead Manager Fee | 25,000 |
| UnderwritingFee/Broker Commissions | 299,492 |
| Subtotal | $329,492 |
| OTHER FEES | |
| ASIC | 2,320 |
| Printing& Share Registry | 37,892 |
| Legal Fees | 138,419 |
| ASX Listing | 63,904 |
| AccountingFees | 24,920 |
| Roadshow and Promotion | 20,000 |
Pointerra Limited | ABN 39 078 388 155
Registered Office: c/-Westar Capital Limited, Level 4, 216 St Georges Terrace, Perth WA 6000 T +61 8 6268 2622 | F +61 8 6268 2699 | E: [email protected]
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Pointerra Limited
| Miscellaneous | 7,680 |
|---|---|
| Subtotal | $295,135 |
| TOTAL | $620,077 |
Notes (continued):
- Working capital includes the general costs associated with the management and operation of the business including administration expenses, salaries, directors’ fees, rent and other associated costs.
The above table is a statement of current intentions as of the date of this announcement. As with any budget, intervening events and new circumstances have the potential to affect the manner in which the funds are ultimately applied. The Board reserves the right to alter the way funds are applied on this basis.
Pointerra Limited | ABN 39 078 388 155 Registered Office: c/-Westar Capital Limited, Level 4, 216 St Georges Terrace, Perth WA 6000 T +61 8 6268 2622 | F +61 8 6268 2699 | E: [email protected]
Pointerra Limited
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6 July 2016
UPDATED STATEMENT OF FINANCIAL POSITION
The following is an updated statement of financial position for Pointerra Limited (ACN 078 388 155) (formerly 'Soil Sub Technologies Limited') ( Company ) based on actual funds raised ($4,999,031) under the prospectus issued by the Company dated 28 April 2016 (as supplemented by a supplementary prospectus dated 13 May 2016):
| Pro-forma post transactions (Actual Subscription) 31 December 2015 ($) |
|
|---|---|
| Current Assets Cash & Cash equivalents Trade & Other Receivables Total current assets TOTAL ASSETS Current liabilities Trade & Other Payables Financial liabilities Provisions Total current liabilities TOTAL LIABILITIES NET ASSETS/(LIABILITIES) Equity Issued capital Reserves Accumulated losses TOTAL EQUITY |
4,591,285 17,195 |
| 4,608,480 | |
| 4,608,480 | |
| 164,322 - 72,329 |
|
| 236,651 | |
| 236,651 | |
| 4,371,829 | |
| 5,306,291 2,333,860 (3,268,322) |
|
| 4,371,829 |
Pointerra Limited | ABN 39 078 388 155
Registered Office: c/-Westar Capital Limited, Level 4, 216 St Georges Terrace, Perth WA 6000 T +61 8 6268 2622 | F +61 8 6268 2699 | E: [email protected]