Achieves $8.1 Million Capital Raising
Sydney, Dec 9, 2015 AEST (ABN Newswire) - Dyesol Limited (
ASX:DYE), global leader in the development and commercialisation of Perovskite Solar Cells (PSC), is delighted to announce that it has successfully completed a capital raising of $8.1 million.
The $6 million Share Purchase Plan raised $5,543,262 in subscriptions from eligible Dyesol shareholders and a further shortfall of $456,738 was placed with the lead manager and underwriter, PAC Partners. PAC Partners has subsequently placed the shortfall and an additional $2,111,596 with institutions and sophisticated investors providing a total of $8,111,596 and the issue of 31,198,446 new shares.
The expected quotation date for all new shares is 14 December 2015, in accordance with the Offer lodged with ASX on 19 November 2015.
The funds raised will be utilised to drive the commercialisation schedule of the Company (see figure in link below).
Dyesol is excited by the prospects for its shareholders in the coming months. Both its Technology Development and Business Activity plans are on track and it is confident of further significant progress that will demonstrate that this revolutionary 3rd generation solar technology can successfully address the challenges and opportunities of transitioning to a renewable energy based global economy.
The Company would like to thank its existing shareholders for their strong show of financial support in the SPP and welcomes new shareholders in the placement.
To view the release including Figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DYE-745964.pdf
About Greatcell Solar Limited
Greatcell Solar Limited (ASX:GSL) (OTCMKTS:DYSOY) is a global leader in the development and commercialisation of Perovskite Solar Cell (PSC) technology – 3rd Generation photovoltaic technology that can be applied to glass, metal, polymers or cement. Greatcell Solar Limited manufactures and supplies high performance materials and is focussed on the successful commercialisation of PSC photovoltaics. It is a publicly listed company: Australian Securities Exchange ASX (GSL) and German Open Market (D5I). Learn more at our website and subscribe to our mailing list in English and German.
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