Volante to plunge into ASX waters

Volante to plunge into ASX waters

Melbourne reseller Volante has revealed it will list on the Australian Stock Exchange in December which, according to managing director Wayne Morris, will fund more acquisitions and increase staff levels.

Morris said the intention is to "grow Volante through sensible acquisitions" and to "make sure we have the staff involved through shares". The company is planning to issue a formal press statement today.

Morris did not disclose what acquisitions were pending but indicated talks are under way.

"Historically we have expanded geographically which is still an opportunity for the future but also, we want to add important product lines or services," he said.

The share offer should be released in the next few days and will close by the end of November with more than 3.5 million shares offered at $1.70 each. The offer is expected to raise around $29 million.

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