|The ethical investment vehicle that Greenedge Projects has been dreaming about for years has finally been launched. The prospectus from Greenedge Ethical Investments Limited (http://www.greenedgeethical.com.au) was lodged with ASIC last week and we are aiming to raise a minimum of A$8 million by November 14th 2008 to float the company on the Australian stock exchange. |
GEIL will invest in ecovillages and other sustainable developments such as the SomerVille Ecovillage in Chidlow in the Perth Hills (http://www.somervilleecovillage.com.au).
The intention is to remove one of the main barriers (access to intelligent finance) for community based ecovillages and other sustainable developments. What I mean by "intelligent finance" is financial institutions that understand ecovillages and other sustainable developments compared to standard banking institutions that incorrectly see ecovillages as high risk and charge a premium or don't lend at all.
Shares are available in a minimum of $2000 parcels. The shares are $1 each and have a free attaching option for every share that is purchased. This means that investors have an option any time in the next three years to buy shares at $1 even if the price is $3, for example. The options themselves can also be sold on the Australian Stock Exchange.
If you are not in a position to invest at the moment, you can still help by spreading the word to friends, family and colleagues. You can do this by using the "Spread the Word!" page on the website.
All the best!