Category Archives: News

The Acton capital raising was very successful with support for close to the maximum 3,000l/s delivery.

Today a prospectus was registered to raise capital for Acton Farmers Irrigation Cooperative Limited. The capital will be used to secure the licence for the BCI water and prepare to buy the scheme from the Rooney Group. Documentation is available … Continue reading →

BCI irrigator shareholders and pipe route effected parties have been invited to an open session at 11am, Monday 12th April, at 360 Barkers Road, Methven. Tyco and ACL are currently installing 1m pipe on the Wright property and the process … Continue reading →

The Acton irrigation scheme construction has commenced this week. The ADC stock race expansion scheme is being funded and constructed by Rooney Earthmoving Limited and will utilise three cumecs of the BCI consented water.

Following the successful capital raising and completion of commercial arrangements the BCI development has commenced . BCI is currently finalising the pipe routes and pipe is being delivered to site with the intention of starting welding and laying later in … Continue reading →

The BCI capital raising today met the minimum subscription level and the offer will now proceed and be confirmed. The Company will confirm all other arrangements early next week and hopes to notify shareholders that the development will proceed by … Continue reading →

The BCI capital raising is now under way with the registration of the prospectus today. Shareholders in the catchment area will be sent the documentation over the next few days. All of the relevant information is also available on the Capital … Continue reading →

The following letter was sent to shareholders today to update prospectus timing. The prospectus should be available in the week beginning 7 December 2009.

BCI is in the final stages of negotiating the contracts required to progress the revised development. A prospectus will be issued during November to raise capital from shareholders.

Shareholders who supported the last capital raising were asked to indicate if they continued to support the revised scheme and pricing. At this date interest has been indicated for 3,500 l/s or around 7,800 ha. This level of support will … Continue reading →