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Published on 12/29/2006 in the Prospect News PIPE Daily.

New Issue: Mikoh settles A$1.1 million private placement of shares

By Laura Lutz

Des Moines, Dec. 29 - Mikoh Corp. Ltd. closed a private placement of shares for A$1.1 million.

The company sold 5.5 million shares at A$0.20 each.

Proceeds will be used for working capital.

Following the placement, the company has 167,481,907 shares outstanding.

Based in Preston, Australia, Mikoh produces security and digital marking products.

Issuer:Mikoh Corp. Ltd.
Issue:Shares
Amount:A$1.1 million
Shares:5.5 million
Price:A$0.20
Warrants:No
Settlement date:Dec. 28
Stock symbol:Australia: MIK
Stock price:A$0.24 at close Dec. 29

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