Proposed code: ANG
Issue price: $0.20
Principal activities: Engineering business servicing the metal fabrication and construction industry.
Corporate: (Current): Michael Buckland (managing director); David Hamlyn (non-executive director); and Lindsay Colless (non-executive director and company secretary). It is proposed that on listing Mr Hamlyn and Mr Colless will step down and be replaced by Peter Fitch (non-executive director); Peter Pursey (non-executive director); and Colin Anderson (company secretary).
(08) 9227 1186
Austin Engineering is a spinoff company from West Australian Metals. It is hoping to raise $1.8 million from an offer of 20 cents a share that is due to close on January 6.
Sponsoring broker: Baker Young Stockbrokers
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