Novus Capital Limited is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.
Destination Leisure Holdings Pty Ltd has recently acquired a property at Torquay Victoria which was formerly a Peppers Golf Resort. The Torquay property was closed upon acquisition and is in the process of a major refurbishment program and planning to re-open in November/2021.
DLH have secured a banking facility for the acquisition of the property.
DLH have raised $3,816,000 in convertible notes to assist with the acquisition of the property and the refurbishment of the property.
DLH wish to raise $3.0million of fresh convertible notes to repay some outstanding convertible notes. Following the raising of the $3.0million of fresh convertible notes there will be $5.0million in total of convertible notes on issue.
The Torquay property is to be known as The Sands Torquay to be managed by Belgravia Leisure.
- Total Offer $3.0 million of Convertible Notes
- Coupon of 8% per annum, payable quarterly
- Convertible discount of 20% to valuation.
- Term – 18 months from completion of capital raising.