07/05/2008 - 14:59

Adventure Learning Channel float seeks $3.5m

07/05/2008 - 14:59

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Adventure Learning Channel Worldwide is seeking to raise $3.5 million, ahead of its planned listing on the Australian Securities Exchange in late May.

Adventure Learning Channel float seeks $3.5m

Adventure Learning Channel Worldwide is seeking to raise $3.5 million, ahead of its planned listing on the Australian Securities Exchange in late May.

Its initial public offer issued 17.5 million shares at a price of 20 cents each.

ALCW aims to provide educational content across television, internet and mobile based platforms, including subject areas such as English as a second language.

ALCW Directors include Dr Toon Wah Ong (Non-Executive Chairman), Mr Shane Novak (President), Mr Howard Califano (CEO), Mr Santino Di-Giacomo (Non-Executive Director), Mr Neil Leggett (Non-Executive Director), Mr Kim Wong (Non-Executive Director) and Ms Helen Zhong (Group Chief Financial Officer).

Other companies planning to list in May include APAC Coal, Automotive Technology Group, Carbon Conscious, Chrysalis Resources, Condor Nickel, Energy and Minerals Australia, Gemstar Diamonds, Handini Resources, Iron Road, Legacy Iron Ore, Oakajee Corporation and Richmond Mining.

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