La Vanguardia 2014
GENERAL INFORMATION
| Company: | La Vanguardia |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar |
PLANTATION DATA
| Property Area: | 327.50 ha. |
| Sown Area: | 271.68 ha. |
| Sowing Distribution: | 51 ha. from 2012 107.20 ha. from 2013, y 113.48 ha. from 2014 |
PLACEMENT
| Placement: | In process of approval from the Secondary Public Offering |
| Number of Shares: | 1’900.000 shares |
| Placement Price | US$ 2.10 per share |
| Profitability: | 15% 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. Income from the Forestry Incentive Program for which La Vanguardia Forestry is already qualified is not included in the calculation of profitability. Income from the Forestry Incentive Program for which La Vanguardia Forestry is already qualified is not included in the calculation of profitability.
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: | CATIE (Tropical Agronomic Center of Investigation and Education, Costa Rica) |
