Thursday, July 29, 2010

Equation

Equation: hires Philip Securities as agent for placement of up to 10m new shares at issue price at S4.5cts/sh, ~18% discount to last close at S5.5cts. Net proceeds of $445k to be used for working capital and to fund business growth and possible investment opportunities. Dilution to current share base is small at 0.5%. Shares halted this morning pending another announcement.

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