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CropLogic offer yields positive response ahead of ASX listing

Fuseworks Media
Fuseworks Media

Christchurch-based agricultural technology company, CropLogic Limited ("CropLogic"), is pleased to announce that it has successfully closed its offer on the Equitise Pty Ltd ("Equitise") crowd funding platform and has appointed Ventnor Capital Pty Ltd ("Ventnor Capital") as Corporate Advisors, in preparation for the Company’s anticipated listing on the Australian Securities Exchange (ASX).

CropLogic received a positive response in a short timeframe from the investor community, via the crowd funding platform Equitise and successfully raised $512,200.

With the raised funds, CropLogic intends to immediately begin preparations for the Company’s listing on the ASX with Ventnor Capital as Corporate Advisors assisting in this process.

Ventnor Capital is a Perth-based boutique Corporate Advisory firm that has been operating in the ASX listed space for more than ten years bringing with it a wealth of experience to this process having recently played a significant role in the listing of companies of a similar size and in a similar industry as CropLogic.

Chief Executive Officer of CropLogic, Jamie Cairns, said:

"I would like to thank all those who participated in the Equitise offering. This has been a key milestone in CropLogic's history and we look forward to the next exciting growth phase of the company.

"I also acknowledge the appointment of Ventnor Capital as Corporate Advisors to CropLogic's anticipated listing on the Australian Securities Exchange.

"The Company is committed to increasing CropLogic shareholder growth potential through an ASX listing and Ventnor Capital's experience and expertise will be instrumental in this process."

Ventnor Capital Partner, Morgan Barron, said:

"The Agri-Tech sector is experiencing significant investor interest at present, driven by the need to support global population growth, scarcity of water and need for food security.

"CropLogic’s proprietary technology and unique value proposition assists crop growers with their irrigation requirements, nitrogen requirements and yield".

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