Investor support

LIQUID Engineering has become one of the few companies in Australia to issue a prospectus while under a deed arrangement with creditors. The company entered voluntary administration last April but negotiated a deed arrangement in September last year. It has raised $500,000, the minimum subscription target for its $2.5 million capital raising venture.

Chairman Paul Andrews said he was delighted with the strong support from investors, who represented a broad cross-section of the company’s customers, staff and franchisees, as well as private stakeholders.

“At this rate we are on track to have met all the requirements for listing by the end of next month,” he said.

p See Personnel

pages 18-19.