Small fast growing companies, particularly those in early stage of development, often require equity beyond the owners' personal means to fund their development. The terms demanded by Venture Capital funds, if you can even get their attention (and more importantly hold it post-investment), can be unpalatable to many. However, to go it on your own under s. 708 of the Corporations Act 2001, you are limited to who can raise monies from and the quantum. Do not trip over any of these rules unless you want to have "interesting" discussions with ASIC. Have you heard of the Australian Small Scale Offerings Board (ASSOB)? ASSOB operates a platform that facilitates the origination, aggregation and sale of securities in unlisted companies. Learn more about the benefits of raising funds via the ASSOB platform in Issue 9 September 2009 of Ruminations. If your business has got strong growth prospects, why not complete the Capital Raising Scenario form and send it to us? We will prepare a Draft Capital Raising Scenario report for you and meet with you to discuss how fund raising via ASSOB could enable you to fast track your growth potential. If you wish to learn more about fund raising via the ASSOB platform, contact us. |
ICF_ASSOB_Capital Raising Scenario Form Generic.pdf