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Published on 5/8/2007 in the Prospect News PIPE Daily.

New Issue: Electro Optic Systems settles A$7.22 million placement of shares

By Laura Lutz

Des Moines, May 8 - Electro Optic Systems Holdings Ltd. completed a private placement of shares for A$7,222,500.

The company sold 5.35 million ordinary shares to professional investors at A$1.35 per share.

Following the placement, the company has 56,845,926 shares outstanding.

Based in Sydney, Australia, Electro Optic Systems produces electro-optic technologies for the aerospace market.

Issuer:Electro Optic Systems Holdings Ltd.
Issue:Shares
Amount:A$7,222,500
Shares:5.35 million
Price:A$1.35
Warrants:No
Settlement date:May 8
Stock symbol:Australia: EOS
Stock price:A$1.58 at close May 9

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