SubscribeBQT Solutions Limited is pleased to announce the company will raise $9,000,000 by the issue of 120,000,000 fully paid shares at 8 cents with a listed option with an exercise price of 8 cents for each share.
BQT Solutions Limited is pleased to announce the company will raise $9,000,000 by the issue of 120,000,000 fully paid shares at 8 cents with a listed option with an exercise price of 8 cents for each share.
These funds will be used to fast track the company's growth and product development and in addition to open up distribution channels in the Middle East and Africa.
The placement represent the in time achievement of the fund raising agreement between BQT and the two UK based companies "Prime Asset Finance LTD" and "Management And Finance Consulting Ltd."
Placements
The first placement is to Falak Holdings LLC, a distinguished investment group from Dubai in the United Arab Emirates. Falak Holdings LLC is a diversified group in many business activities in Dubai, the Arabian Gulf and with investments in Canada, Turkey, India, the Far East and Australia.
Group Chairman, Abdulrahman Falaknaz is a prominent businessman in Dubai. He is one of the three partners building the Dubai Sports City, a multi-billion dollar real estate and sports facility development under construction. Mr Falaknaz is an Executive of various United Arab Emirates Sports Federations. He is a member of the UAE Olympic Committee and Chairman of the Dubai Cricket Council as well as Vice President of the UAE Tennis Association.
The second placement will be taken up by Capital Trust Holdings AG of Switzerland.
Summary
This is a significant and timely development for the company as it is not only capital funding to promote growth and development but also important introduction into Dubai, UAE, the Middle East and Africa in where the opportunities for the company are significant.
As part of this funding and planning, BQT will open a major office in Dubai. This Dubai office will service the Middle East and Africa. John Genner, Managing Director of BQT together with senior executives from the Sydney head office will travel to Dubai on the 8th December for meetings with existing clients and to carry out presentations to the new opportunities introduced by our new investors.
It should be noted the formal approval of the issue of shares/options will be sought at a Special General Meeting of Shareholders in early January 2007.
