By Sheri Kasprzak
New York, Sept. 19 - HLT Ltd. said it has completed a private placement for A$2,198,840.
The company sold 7,582,207 shares at A$0.29 each to institutional and professional investors.
Lonsec Ltd. was the placement agent for the deal.
The proceeds will be used for the deployment of the company's Mobile Transact wireless payment platform and for working capital.
Based in Victoria, Australia, HLT develops health information counseling technologies for health care providers.
| Issuer: | HLT Ltd.
|
| Issue: | Stock
|
| Amount: | A$2,198,840
|
| Shares: | 7,582,207
|
| Price: | A$0.29
|
| Warrants: | No
|
| Settlement date: | Sept. 19
|
| Stock price: | A$0.32 at close Sept. 19
|
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