Río Grande Forestry 2015
GENERAL INFORMATION
| Company: | Río Grande Forestry |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar y Provincia de Manabí, Cantón Pichincha |
PLANTATION DATA
| Property Area: | 365.46 ha. |
| Sown Area: | 332.10 ha. |
| Sowing Distribution: | 94.90 ha. from 2013, y 237.20 ha. from 2015 |
PLACEMENT
| Placement: | In process of approval from the Secondary Public Offering |
| Number of Shares: | 2’350.000 shares |
| Placement Price | US$ 2.60 per share |
| Profitability: | Superior al 14% yearly * |
| Profitability perception: | At plantation’s cut down |
| Estimated time until harvest: | 20 years after sowing. |
* Calculation of return is based on the projected growth of wood, on conservative estimates of prices, costs and expenses. The project involves accumulating all the necessary resources for the maintenance until the cutting, from the beginning of the operation. The company does not expect the existence of financial liabilities.
MANAGEMENT AND SUPPORT ENTITIES
| Financial and Administrative Management: | SIEMBRA (Integrated System of Companies Based in Environmental Resources) |
| Attorney at Law: | Pandzic & Asociados |
| Accounting & Taxes: | Auditing & Taxes |
| Marketing: | FreeMarket S.A. |
| Stock Placement: | Albion Casa de Valores S.A. |
| Insurance Company: | Seguro Cóndor |
| Forest Seed: | Imported from Rodales Semilleros Certificados de Costa Rica |
