Verbrec Evolution Engineered
Sources & Uses of Funds
Sources
Institutional Placement
Total
Uses
A$ million
Site Skills Acquisition
$3.0
$3.0
A$ million
1. Working capital - Site Skills acquisition
$2.0
2. Commercialisation of StacksOn and working capital
$0.8
3. Offer costs
$0.2
Total
$3.0
As the Site Skills acquisition is an asset purchase, Verbrec is
required to fund the initial working capital of the acquired
business.
Based on historical analysis, it is forecasted that $2.0M will be
required.
Commercialisation and Working Capital
Further commercialise Verbrec's Stacks On software including
the production of a dedicated web site and to further enhance
sales materials.
Increased working capital to strengthen the Company's
balance sheet and support tendering of larger jobs
verbrec
evolution engineered
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