Company also raises A$3.9 million via underwritten share purchase plan
By Devika Patel
Knoxville, Tenn., March 28 - Dyesol Ltd. said it settled a A$1.1 million private placement of shares in an overall A$5 million financing. RBS Morgans, Austock and Viriathus were the agents.
The company overall sold about 27.78 million shares at A$0.18 per share. The price per share is a 10% discount to the March 27 closing share price of A$0.20.
The company said it raised A$3.9 million in a share purchase plan, which was underwritten by Octa Phillip Securities.
Based in Queanbeyan, Australia, Dyesol supplies solar cell products and services.
| Issuer: | Dyesol Ltd.
|
| Issue: | Shares
|
| Amount: | A$5 million (A$1.1 million in placement)
|
| Shares: | 27.78 million (approximate)
|
| Price: | A$0.18
|
| Warrants: | No
|
| Settlement date: | March 28
|
| Stock symbol: | Australia: DYE
|
| Stock price: | A$0.20 at close March 27
|
| Market capitalization: | A$31.76 million
|
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