Australian (ASX) Stock Market Forum

LRK - Lark Distilling Co.

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:)

Hi folks,

MTI ... expecting this one to lift off its lows this week, as two
positive time cycles come into play ..... :)

..... have not been able to upload a chart here for a long
while, guys ..... any ideas what the problem may be ... ???

happy days

paul

:)

=====
 

System

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On December 15th, 2015, Montec International Limited (MTI) changed its name and ASX code to Australian Whiskey Holdings Limited (AWY).
 

greggles

I'll be back!
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Australian Whiskey Holdings announced today that its private placement to raise $7.85 million was heavily oversubscribed.

The funds will be raised by a placement of 262 million fully paid ordinary shares in two tranches. The shares will be issued at $0.03 per share representing a discount of 14.3% to the last closing price as at 5 March 2018 of $0.035. This also represents a discount of approximately 7.3% to the 10 day VWAP of $0.032.

According to the company the funds raised will be used for:
  • continuation of whisky buy-back programme;
  • capital expenditure for stage 1 expansion of Nant Estate to increase production to approximately 700 barrels per year;
  • planning for a second stage expansion of the Nant Estate involving the construction of an additional distillery on-site to increase production to approximately 1,500 barrels per year; and
  • investment in sales, marketing, distribution, additional staff and transaction costs.
AWY share price climbed 28.57% to finish at 4.5c today.
 

galumay

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I hope for shareholders' sake that there is no involvement from previous Nant management!
 

So_Cynical

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Australian Whiskey Holdings announced today that its private placement to raise $7.85 million was heavily oversubscribed.

The funds will be raised by a placement of 262 million fully paid ordinary shares in two tranches. The shares will be issued at $0.03 per share.
Raised 11 million via a placement at 0.041 late last year with a HK based distributor who now has a distribution agreement with AWY, they have a bit of cash now but the burn continues though at a reduced rate.

This company may have turned the corner, SP threatening to break out of the 4>5 cent range ~ i like Whiskey and AWY certainly have a good product and the Chinese like their premium products/brands.
 

System

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On May 8th, 2020, Australian Whisky Holdings Limited (AWY) changed its name and ASX code to Lark Distilling Co. Limited (LRK).
 
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