- LWP Technologies Limited
Transcription
- LWP Technologies Limited
Home Mail News PLUS7 Finance Sport Lifestyle Entertainment LATEST Travel Weather Answers Flickr Search News Search Web NATIONAL WORLD LWP takes $6m from bullish UK cornerstone investor Tumblr more VIDEO PHOTOS Sign In MORE FOLLOW US Matt Birney, sponsored content ASX company news - The West Australian on July 26, 2016, 9:17 am BRISBANE 18° 11° - 22° MOST VIEWED VIDEOS Lanstead Capital Australian representative Andrew Sparke SHARE TWEET WHATSAPP EMAIL ASX listed LWP Technologies have secured a 19.9% cornerstone investor and possibly $6m in equity to progress their oil and gas "proppant" technology start up. Cricket streaker turns pitch cover into giant slip-and-slide A streaker has made the most of the conditions during Australia’s first test against Sri Lanka, by Funds raised will also assist LWP to develop their exciting new Aluminium Graphene-Oxygen battery technology. UK small to mid cap specialist investment fund Lanstead Capital LP has agreed U.S. police officer under fire after to plough around $6m into LWP over the next 18 months and will take up a cornerstone investment position in the company with 19.9% of the stock. Lanstead will be issued with 1.2b LWP shares when the stock has been fully issued after 18 months. Lanstead Capital originated in the UK and its co-founder Greg Kofford was reported recently as saying that he thought the commodities market may have hit the bottom and that now was a good time to buy. Kofford was so taken with Australian securities that he set up an office in Sydney two years ago that is manned by Australian equities corporate advisor Andrew Sparke. Since then Lanstead has plunged $50m on a swag of ASX listed stocks and they still have another $300m looking for a home in Australia. rough arrest Sharks filmed in feeding frenzy off WA coast NT detention centre likened to Guantanamo Bay after footage shows boys gassed, stripped and shackled Wild benchclearing brawl erupts in minor league They have a keen interest in tech, biotech and resources companies and generally look to invest between $3m and $30m in a deal. MOST VIEWED Their funding model is not straight forward and is quite innovative in so much as they provide the funds on a monthly basis over 18 months based on a formula that is sensitive to the company’s share price. Facebook removes images as teen prisoner thanks public Lanstead will pay LWP $900k up front at .005c a share and from there they will be issued with 56.7m shares every month for 18 months and it is only the price that will vary depending on how the company’s share price is tracking Toddler dies in hot car while parents at church against a pre-determined arbitrary share price of .0067c a share. If LWP’s 5 day VWAP is .0067c a share at the time of a monthly payment, then Lanstead will pay $283,333 for each 56.7m monthly parcel of shares. If LWP’s shareprice remains steady at .0067c a share each month for 18 Carer's violent assault on dementia patient in Adelaide care facility months then Lanstead will invest a total of $6m in the company. However, if the company’s share price is above or below the arbitrary figure of .0067c a share during any monthly payment then Lanstead will pay either Woman blames kids in back seat for school zone speeding more or less for their 56.7m parcel depending on the percentage above or below .0067c a share the company is trading at. The number of shares issued will not change. Lanstead’s theory is that they want to incentivise companies to get their share price up as they will pay more for their shares if the price is tracking well at the time they are issued. LWP have two unique pieces of technology that have attracted the interest of Lanstead. They have worked out how to make oil and gas “proppants” from the mostly unwanted bi-product from coal fired power stations known as fly-ash. "Proppants" are a sand like product that wedge into the miniature cracks that are created down hole during an oil and gas fracking operation. OUR PICKS Police met with 'wall of silence' from person of interest in case of missing Melbourne mum French church was on terror 'hit-list' while attacker was known to police Third baby linked to hospital gas mixup It is these cracks that allow the oil and gas to flow to the surface. More recently LWP entered into a joint venture with the inventor of a unique battery known as an aluminium graphene oxygen battery. Facebook removes images as teen The company says their battery technology which is Graphene based is the next evolution in the battery market and will leap frog the Lithium-ion battery prisoner thanks public revolution when it takes hold. Is your ASX listed company doing something interesting ? Contact matt.birney@wanews.com.au Return to Bulls N Bears for more public company news SHARE TWEET WHATSAPP EMAIL We Recommend Stuart Kelly, brother of onepunch victim Thomas, dies age 19 Solar Incentive Hits $5,168. But for How Long? 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