Kangaroo Island Plantation Timbers Ltd

Kangaroo Island Plantation Timbers attracts sophisticated investors to unique offering

The halt will remain in place until Monday 4th December 2017.

The company's shares are in pre-open

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) holds a unique asset in eucalyptus trees, which can continue to grow with little investment.

The company has potential for sustainable production of 500,000 green tonnes per annum, adding around 6% to Australia’s timber exports.

Eucalyptus globulus grown on Kangaroo Island is expected to be equal to the best quality woodchips currently exported from Australia.

KPT recently entered into a Memorandum of Understanding with Mitsui Bussan Woodchip Oceania Pty Ltd creating an exclusive marketing arrangement.

The company is now preparing to outline details of a placement to sophisticated investors, and the ASX has granted a trading halt.

The halt will remain in place until the opening of trade on Monday 4th December 2017, or earlier if an announcement is made to the market.

Quick facts: Kangaroo Island Plantation Timbers Ltd

Price: $2.23

Market: ASX
Market Cap: $125.06 m

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