Cerro Verde 2006
GENERAL INFORMATION
| Company: | Cerro Verde |
| Sector: | Forestry |
| Product: | Teak |
| Location: | Guayas Province, Cantón Balzar y provincia de Los Ríos, Cantón Palenque |
PLANTATION DATA
| Property Area: | 164.94 ha. |
| Sown Area: | 139 ha. |
| Sowing Distribution: | 41 ha. from 2004, 98 ha. 2006 |
PUBLIC OFFERING
| Placement: | Oferta Pública Secundaria |
| Number of Shares: | 100.000 shares |
| Placement Price | US$ 12.00 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.
ENTITIES OF MANAGEMENT AND SUPPORT
| Financial and Administrative Management: | SIEMBRA (Sistema Integrado de Empresas Basadas en Recursos Naturales) |
| Attorney at Law: | Pandzic & Asociados |
| Accounting & Taxes: | Auditing & Taxes |
| Marketing: | FreeMarket S.A. |
| Stock Placement: | Albion Casa de Valores S.A. |
| Insurance Company: | Seguros Sucre |
| Forest Seed: | CATIE (Centro Agronómico Tropical de Investigación y Enseñanza, Costa Rica) |
