Salvus gets away

Friday 18th June 2004

Salvus Strategic Investments has confirmed that it had received sufficient investor support through investor applications and other firm commitments to proceed with its planned sharemarket float.

Advice from the lead managers and organising participants, Forsyth Barr and Direct Broking, was that Salvus had raised more than the minimum subscription level of $20 million stated in its Prospectus and Investment Statement.

Independent Director Roger Armstrong said that Salvus was pleased with the investor support from the New Zealand public as well as local and United Kingdom-based institutions.

Salvus is looking to raise money to invest in listed shares and it will have a focus on the burgeoning smaller company sector.

Fellow listed company IPO Colville pulled the plug on its offer recently citing a lack of support.

The offer of shares and warrants in Salvus Strategic Investments will remain open until 3pm on Friday 25th June.

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