The transaction was partly underwritten by Octa Phillip Securities for a total of $3 million and, consequently, there was no shortfall to the underwriter. In addition to the approximate $3.9 million of proceeds raised from the Share Purchase Plan, the Company has also placed $1.1 million in shares at 18 cents per share to sophisticated investors, comprised principally of existing sophisticated investor shareholders.??The total number of shares to be issued will be approximately 27.78 million.
The Company is deeply gratified by the strong financial support from Dyesol shareholders and looks forward to reporting exciting developments in our world-class partner projects in the coming weeks and months. Dyesol Chairman Richard Caldwell stated. Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology and know-how.??
The Company supplies photovoltaic enabling technology and materials to manufacturers seeking to value-add photovoltaic capability into their products, such as glass building façade or steel roofing products. DSC is a third generation photovoltaic technology enabling metal, glass and polymeric based products in the building, transport and electronics sectors to generate clean electricity and improve energy efficiency. DSC is a biomimetic nanotechnology which mimics the natural process of photosynthesis to generate energy from (sun) light.??Special advantages of DSC technology is good performance in shade, haze/pollution, vertical installation, and at dawn and dusk i.e. real world solar conditions.
Radio Interview: To hear more about the capital raising results, listen to a radio interview with Dyesol Chairman Richard Caldwell airing 29 March 2012.??Visit Dyesols Audio Library to listen to the interview visit www.dyesol.com go to the Investors tab then click on Dyesol Broadcast or click here. Join Mailing List: Sign up to Dyesols e-mailing list to receive company news and announcements such as this when they happen. Join the mailing list via the Dyesol homepage www.dyesol.com.
