By Sheri Kasprzak
New York, March 16 - ICS Global Ltd. said it has concluded a private placement for A$1,372,000.
The company issued 4.9 million shares at A$0.28 each to a group of institutional and sophisticated investors in Australia.
Lodge Corporate Services Pty. Ltd. was the placement agent.
Proceeds will be used for the acceleration uptake of the company's Thelma (Transactional Health Exchange Linking Multiple Applications) product in Australia and internationally.
Based in Sydney, Australia, ICS develops the Thelma program to link software systems in the health care sector.
| Issuer: | ICS Global Ltd.
|
| Issue: | Stock
|
| Amount: | A$1,372,000
|
| Shares: | 4.9 million
|
| Price: | A$0.28
|
| Warrants: | No
|
| Placement agent: | Lodge Corporate Services Pty. Ltd.
|
| Settlement date: | March 16
|
| Stock symbol: | Australia: ICS
|
| Stock price: | A$0.31 at close March 16
|
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