Dear Investor,
On behalf of the Board of Directors of Bunji Corporation Limited (to be renamed Pure Foods Tasmania Limited)
(Company), I am pleased to present you with this opportunity to become a shareholder in the Company.
The Company has entered into binding agreements to acquire 100% of the issued shares in Pure Foods Tasmania Pty
Ltd (PFT). PFT was formed in 2015. PFT aims to acquire, grow and develop premium food businesses in Tasmania, and
currently owns and operates two businesses:
Î Tasmanian Pate – one of Australia’s largest pate businesses and supplier to many large retail outlets including
Costco, Aldi and Woolworths; and
Î Woodbridge Smokehouse – a boutique producer of ultra-premium Tasmanian smoked salmon and trout.
PFT’s business strategy is to continue to operate and grow these businesses, as well as look for acquisition
opportunities in accordance with its strategy to acquire, grow and develop premium Tasmanian-based food and
beverage businesses.
On completion of the Acquisition, all existing Directors will resign and current PFT Directors Malcolm McAully (NonExecutive Chairman), Michael Cooper (Managing Director) and Ken Fleming (Non-Executive Director) will be appointed
to the Board together with Alexander “Sandy” Beard (as Non-Executive Director). As outlined in this Prospectus, the
proposed Board is highly credentialed and well placed to guide the Company through its future operations and growth.
The Company is proposing to raise $3 million under the Public Offer through the issue of 15,000,000 Shares at an issue
price of $0.20 per Share (with the ability to accept oversubscriptions of up to an additional $500,000). Funds raised will
primarily be used to purchase new plant and equipment (to improve operating efficiencies at the PFT businesses),
business development, product development and working capital.
This Prospectus contains details of the Acquisition, the Public Offer and Secondary Offers, the Company’s operations and
growth strategy moving forward, as well as key risks associated with investing in the Company. I urge you to read this
Prospectus carefully and seek professional advice if required to determine whether this investment is appropriate for you.
Yours faithfully
Nicholas Young
Non-Executive Director