Seed Capital Pre IPO (Initial Public Offering)
Only for Sophisticated Investors with Section 708 Certificate
We have been working closely with Ben Faulkner at Sanlam Private Wealth to offer Seed Capital and IPO opportunities for interested clients of TradeSetup. Below is an opportunity into a high grade coal asset through 3G Coal which is planned to be listed on the ASX in March 2018 at 20 cents. The opportunity is to be part of an early Seed Capital raising at 10 cents in December.
Offers to be in before Wednesday 20th December 2017
For more information, please contact Braden Gardiner at support@tradesetup.com.au or on mobile no. 0438 203 382
Why get involved and invest in 3G Coal?
· 100% owned high grade anthracite coal assets
· Anthracite coal has looming supply crisis, and limited new supply coming on market likely to see prices push higher and break new highs
· High margin unique coal with diminishing global supply
· Strategic position of assets
· Close to Rail, Road and Port infrastructure
· Valuation compelling compared to global and surrounding peers
· Low EV of just $3.78m (undiluted at 10c)
· Assets located in Tier 1 mining jurisdiction
· Board and Management have long term and successful experience of minerals exploration in Canada
· IPO planned for March 2018
Terms Sheets here : http://tradesetup.com.au/wp-content/uploads/2017/12/3GC-Term-Sheet-final-11122017.pdf
Background ·
· 3GC is an unlisted public company intending to list on the ASX as a metallurgical coal explorer and developer with its 100% owned flagship Groundhog South Anthracite Project located in British Columbia, Canada.
· Groundhog South boasts an independent NI 43-101 Exploration Target#of 2.0–3.3 billion tonnes of high grade anthracite coal suitable for premium ULV PCI. #Exploration Target has been defined pursuant to
NI 43- 101 standards. The Exploration Target quality and quantity is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in
the Exploration Target being delineated as a mineral resource.
· 3GC is targeting development of a large scale Ultra LV PCI coaloperation to supply rapidly growing and liquid market
· Asian export strategy to meet growing demand for low volatile metallurgical coal for steel production
· Canada ranks as 2nd largest seaborne exporter of metallurgical coal globally
· Infrastructure sharing opportunities with neighbouring Atrum Coal (ASX:ATU)
· IPO funding will advance JORC Resource & Early Feasibility as well as support early discussions with potential strategic partners and end-users
Issue
· Placement of fully paid ordinary shares (“Shares”) with free attaching unlisted options on a 1:4 basis (“Options”)
Placement Type and Size
· Placement of up to 8,000,000 Shares via a s.708 tranche to raise A$800,000 in gross proceeds
· Placement Shares will rank pari-passu with the existing fully paid ordinary shares on issue
Escrow
· Placement Shares may be subject to certain escrow provisions as prescribed by the ASX Listing Rules and holders may be required to enter into an escrow deed prior to the IPO
Fixed Offer Price
· $0.10 per Share (“Offer Price”)
Use of Proceeds
· Funds raised under the Placement will be used as follows:
(i) Annual tenement rental preparation
(ii) General operational and treasury expenses
(iii) General working capital
(iv) Preparation for IPO
Current Capital Structure
ORDINARY SHARES : 37,800,000 (on a post-consolidation basis)
UNLISTED OPTIONS : 9,600,000 unlisted options ($0.20 exercise price and a 4-year term)
MARKET CAPITALISATION: $3.78m (undiluted) @ 10c per share
Shares to be Issued Under Placement
PLACEMENT SHARES : 8,000,000
POST-PLACEMENT SHARES ON ISSUE : 45,800,000
Options to be Issued Under Placement
PLACEMENT OPTIONS : 2,000,000 (1:4 basis)
TERMS : Unlisted / 3 Year Term / 25c exercise price
Indicative Timing For Placement
OFFER OPEN : Monday 11 December 2017
FIRM BIDS DUE : Wednesday, 20 December 2017
ACCEPTANCE FORMS TO BE RETURNED : Thursday, 21 December 2017
SETTLEMENT : Friday, 22 December 2017
EXPECTED ALLOTMENT : Friday, 29 December 2017
