May 6 - Novacoat Holdings

Issue price: $0.30 Principal activities: Provides protective coating and rubber lining services to the construction sector, predominantly servicing the mining construction, petroleum and refining industries. Corporate: Richard Wright (executive chairman); Rob Franco (executive director); Geoffrey Gander (non-executive director). (08) 9363 3500 The company’s objectives are to raise $1.5 million to implement the organic growth of the existing Novacoat business into site based services, increase throughput through its existing Kwinana facility and commence a strategy for growth by diversification into offering other resource and construction related services. Underwriter: Cunningham Securities. Ceased to be a substantial shareholder

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