ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Argonaut congratulates Credo Resources on Capital Raising and Vault Acquisition

    Home News Argonaut congratulates Credo Resources on Capital Raising and Vault Acquisition
    NextPrevious

    Argonaut congratulates Credo Resources on Capital Raising and Vault Acquisition

    By admin | News | 0 comment | 4 July, 2016 | 0

    Argonaut has acted as Lead Manager and Corporate Advisor to Credo Resources Limited (ASX: CRQ) (“Credo”) in its recent acquisition of NGBI Industries Limited and subsequent capital raising of A$4.3 million.

    NGB Industries Limited is an Australian company that operates “Vault”, a leading cloud-based and mobile Environmental Health and Safety software solutions business tailoring solutions to the requirements of industry sectors, with offices in Christchurch and Melbourne.

    The capital raising, which was substantially oversubscribed, raised A$4.3 million via a prospectus placement for 215,000,000 new ordinary shares at an issue price of A$0.02 per share.

    The funds raised will allow key business activities to proceed which include expansion of Vault’s sales and marketing team, product development and provision of additional support services for Users, digital marketing launch, pursue overseas distribution activities and provide working capital.

    Credo shareholders approved the acquisition on 31 May 2016 and the company has now changed its name to Vault Intelligence Limited (ASX code: VLT) (“Vault”) post completion of the acquisition and raise.

    Vault’s Managing Director, David Moylan said: “The Board believes that listing on the ASX will help to accelerate Vault’s business development and will allow more Australian investors to share in the Company’s growth. On behalf of the Board, I look forward to sharing this exciting step in the Company’s future with you.”

    Argonaut is delighted to have advised Credo/Vault and looks forward to working with the Company in the future to create further value for stakeholders.

    Additional information regarding Credo/Vault and the transaction can be found on the company’s website at www.credoresources.com.au and www.vaultintel.com.
     

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital