GIC involved in three successful Tellus funding rounds totalling A$37M
- GIC provided advisor and lead manager role for AU$22.4 M capital raising over 2013 and 2015
- GIC was co-manager for AU$15.0 M capital raising during 2016
Tellus Holdings Ltd “Tellus” is pleased to present three funding tombstones to Grid Investment Capital (Singapore) (“GIC”) commemorating its contribution to Tellus as the financial advisor and lead manager for a total of AU$22.4 million’s worth of capital raisings over 2013 and 2015, and as the co-manager for a AU$15.0 million capital raising during 2016.
The presentation was made by Tellus Group Managing Director, Duncan van der Merwe to Grid Investment Capital CEO, Brad Ridge.
Commenting on the presentation Duncan van der Merwe said, “We have been delighted with the successful capital raising outcomes and strategic guidance GIC has provided to the company during our long association. We are particularly grateful to Brad for his highly professional skillset and advice over the course of our relationship. His expertise and experience have proven an invaluable asset to Tellus’ development, and the Company is very pleased to count many of GIC’s associates as valued shareholders.”
GIC was engaged by Tellus on three separate occasions over the past four years to lead, and more recently co-manage, private placements for the company to fund its dual revenue business model. Mr. Ridge also retains an ongoing advisory role to the Tellus Board.
“We were fortunate to have met Tellus at an early stage of its development, and have enjoyed our collaboration as both capital managers and shareholders over a long period. Duncan and his exceptional management and operational team continue to deliver outstanding value to all stakeholders, with 2017 destined as a landmark year for the company’s progress as a unique infrastructure developer and operator,” GIC CEO Brad Ridge said.
About Tellus Holdings:
Tellus Holdings Ltd is an infrastructure project development company with a proposed dual revenue business model. This involves mining the commodities salt and kaolin and backfilling the voids left from mining with equipment, archives or long term temporary storage of waste. Tellus plans to store like-with-like materials, so as to create opportunities for the future long term, temporary storage, treatment and recovery of valuable materials or permanent isolation of waste. Tellus’ business model mirrors world’s best practice solutions operating in the UK, Europe, USA and Canada. Tellus is developing the Chandler salt mine project in the Northern Territory (NT) and the Sandy Ridge kaolin mine project in Western Australia. Tellus’ flagship ‘Chandler Project’ was awarded Major Project Status by the Northern Territory Government.
For further information:
Visit: www.tellusholdings.com.au or contact:
Duncan van der Merwe
Managing Director
Tel: +61 (0)2 8257 3395
Cameron Morse
FTI Consulting (Media)
Tel: +61 (0)8 9485 8888
