The Calmer Co Limited

The Calmer Co Limited (ASX:CCO)

Offer Price

A$0.0060

per share

Offer Size

A$1,500,000

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The Calmer Co Limited

Placement

The Calmer Co Limited (ASX:CCO)

CCO

Lead Manager

Offer Price

A$0.0060

per share

Offer Size

A$1,500,000

Placement

The Calmer Co Limited

Key Offer Details

Issue Price (Per Share)

A$0.0060

Discount

-20.00%

Offer Size

A$1,500,000

Shares Available

250,000,000

Placement to raise up to A$1.5 million (with ability to accept  oversubscriptions), via the issue of up to 250,000,000 fully paid ordinary  shares (Placement Shares) at A$0.006 per share with one (1) free attaching  unlisted option for every one (1) share issued under the Placement,  exercisable at A$0.006 per share, with an expiry of one (1) year from the date of issuance (“Placement Options”), which upon exercise convert into  one (1) fully paid ordinary share AND if exercised before 31 March 2025,  into one (1) further listed option in the Company’s class of listed CCOOA  [exercisable at A$0.006 expiring on 30 June 2026] (“Piggyback Options”). 

A$0.006 per share, representing a discount of 17% to the last traded share price of  A$0.007 and a discount of 25% to the 15-day VWAP prior to 29 November 2024 of  A$0.008.

The Company has the right to accept oversubscriptions.

Company Overview

The Calmer Co. International (ASX:CCO) sells beverages made from kava, a plant indigenous to the Pacific Islands traditionally consumed in beverage form. It has been called the ‘green gold of the Pacific’ because of its cultural, social and economic significance. The company distributes its products – kava powder that can be made into a drink by adding water as well as flavour boosters - online (through its own proprietary and intermediary channels) and through a retail presence in Coles supermarkets in Australia.

Use of Funds

Indicative Used of Funds:

  • Acquisition of Land and Building, Factory electrical infrastructure upgrades and acquisition and installation of analytical laboratory - $1,000,000
  • New product development and Marketing for Taki Mai USA - $200,000
  • Working Capital - $202,500
  • Cost of the offer - $97,500

Documents & Downloads

Indicative TimeTable

Calmer Co reserves the right to close the book early and without notice. All bids are firm and irrevocable and to be transferred to Lead Manager or to The Calmer Co. International Limited by close of business on 2nd of December 2024 4:00pm AEST.

Times are soon in AEST.

Trading Halt

2 December 2024

Receipt of binding commitments for single tranche Placement

2 December 2024 4pm AEST

Announcement of Placement and Appendix 3B lodged with ASX

4 December 2024

Closing date for receipt of funds for single tranche Placement

9 December 2024

Settlement via DVP (single tranche)

10 December 2024

Allotment and trading of single tranche Placement

11 December 2024

Board & Management

John Homewood

John Homewood

Non-Executive Chairman

John is a graduate from Queensland University with a Bachelor of Commerce degree and has held various senior cost accounting roles prior to establishing Ace Waste Group of Companies in 1988 and which has grown over the last 35 years to become the largest medical/pharmaceutical/quarantine and related waste business on the Australian East Coast with 95 Staff. Ace Waste owns and operates high temperature waste incineration facilities in Brisbane and Melbourne on freehold land. Apart from being the largest individual shareholder in The Calmer Co, John also operates several family-owned professional share trading and property investment entities.

Dr Anthony Noble

Dr Anthony Noble

Chief Executive Officer

Formerly, C.E.O. Australian Biotherapeutics, and spent more than 10 years at Soho Flordis International (SFI) which includes Klaire Labs, Prothera & Complementary Prescriptions (USA), Ginsana SA (Switzerland), Flordis (Australia) and Potters Herbals & Equazen (UK). Anthony held the roles of Global Head of Innovation, Global Head of B2B, Head of North Asia and Managing Director of SFI Research Pty Ltd, the group’s innovation incubator and investment company. Anthony has a PhD in Cell Biology and an MBA from AGSM including study at the Wharton School (U Penn)

Griffon Emose

Griffon Emose

Non-Executive Director

A Fiji citizen, Griffon is the Managing Director of Kontiki Capital. He was previously the Manager Public Awareness & Investor Education at the Capital Markets Development Authority. He is licensed by the RBF as an Investment Adviser Representative and serves as a Director of the South Pacific Stock Exchange and on several other Boards. Griffon graduated with a Bachelor of Commerce from the University of Auckland. He is a member of the CFA Institute and earned the CFA Charter in 2005.

Zane Yoshida

Zane Yoshida

Executive Director

Zane is an experienced start up entrepreneur launching companies from R&D through to commercialisation and scale across Asia, the United States, and the Pacific. As the former co founder and Managing Director of Styrotex (Asia Pacific), Zane successfully commercialized innovative technology in the plastics packaging industry which he also co patented. He established a joint venture with a Malaysian public company and established companies in Shanghai and Suzhou through strategic acquisitions to manufacture products for supply to multinational electronics companies throughout China.

James S Tonkin

James S Tonkin

Non-Executive Director

James is a 40 year veteran, is a private sector brand marketing and beverage development professional who has designed and implemented national infrastructure for his clients in the food and beverage industry. In the last 15 years, Tonkin has promoted brand and marketing programs for many clients in the bottled water and functional food/beverage industries. His expertise spans the gamut from domestic cheese to potato chips, fortified pet waters to nutraceutical functional and enhanced beverages.

Pravinesh Lala

Pravinesh Lala

Chief Financial Officer

Prav has over 20 years’ success in leading financial management activities at organizations across Fiji, New Zealand, and Australia in shipping and logistics, agricultural supply chains and manufacturing companies. Before joining Fiji Kava Ltd, he worked with Red Bull NZ as well as Nutrano Produce Group and Neptune Shipping.

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of The Calmer Co Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in The Calmer Co Limited.

The Calmer Co Limited

Placement

The Calmer Co Limited (ASX:CCO)

CCO

Offer Price

A$0.0060

per share

Offer Size

A$1,500,000

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