By James Atkinson

An ASX-listed brewing company yesterday called a trading halt on its shares pending an announcement about its planned acquisition of three resources projects.

Western Australian company, Oz Brewing has endured a torrid time since it listed on the ASX in December 2006, raising $1.5 million to establish a restaurant and microbrewery in Fremantle.

It was eventually placed into administration into September 2008, following a curious move in November that year to acquire a controlling share in the steel housing and shed business, Shedco.

Having been reinstated onto the ASX last year, the company yesterday said it had entered into a heads of agreement to acquire three resources projects, with a further announcement expected later this week.

The company's new-look Board of Directors includes one Michal Safrata, who is also a non-executive director of ASX-listed companies Oroya Mining and Mammoth Resources.

Oz Brewing last year said it had raised nearly $3 million in additional funding to pay outstanding creditors and secure its reinstatement to the ASX.

It said the capital would also finance a new joint venture with Swan Valley's Ironbark Brewery, which would brew and retail Oz Brewing's Mad Monk beers.

Oz Brewing did not respond to a request for comment.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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