VENTURE capital manager VentureAxess has announced plans to
raise $20 million and list on the Australian Stock Exchange.
Chairman Geoff Mullins said the company was working with
broking firm Cartesian Capital to list on the ASX before the end of September
2004.
VentureAxess, established by Mr Mullins in 2001, is a
venture capital consultancy, management and investment group. The group
expanded into Western Australia last year through a merger with TechStart Fund
Managers. It has seven investments in WA, with target sectors including
aquaculture, medical devices, food management, financial services and
information technology.
The ASX listing plan is a departure from VentureAxess’s
original plan to list on the Newcastle Stock Exchange, part-owned by its VA1
Fund.
