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Published on 11/3/2006 in the Prospect News PIPE Daily.

New Issue: Dyesol closes A$5 million private placement of shares

By Laura Lutz

Des Moines, Nov. 3 - Dyesol Ltd. completed a private placement with institutional and sophisticated investors for A$5 million.

The company sold 8.33 million shares at A$0.60 each.

Proceeds will be used to fund the company's expansion strategy.

Based in Queanbeyan, Australia, Dyesol supplies solar cell products and services.

Issuer:Dyesol Ltd.
Issue:Shares
Amount:A$5 million
Shares:8.33 million
Price:A$0.60
Warrants:No
Settlement date:Nov. 3
Stock symbol:A$0.725 at close Nov. 3

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