By Sheri Kasprzak
New York, May 2 - QED Occtech Ltd. has negotiated a A$1,487,500 private placement.
The company intends to sell up to 35 million shares at A$0.0425 each to sophisticated investors.
Kirke Securities Ltd. is the placement agent.
Proceeds will be used for business development and working capital.
QED, located in Perth, Western Australia, is a wastewater treatment company.
| Issuer: | QED Occtech Ltd.
|
| Issue: | Stock
|
| Amount: | A$1,487,500
|
| Shares: | 35 million
|
| Price: | A$0.0425
|
| Warrants: | No
|
| Placement agent: | Kirke Securities Ltd.
|
| Pricing date: | May 2
|
| Stock symbol: | Australia: QED
|
| Stock price: | A$0.062 at close May 2
|
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