still in trading halt, page-8

report herewith D Y E S O L L T D
A C N 1 1 1 7 2 3 8 8 3
1 1 A u r o r a A v e n u e Q u e a n b e y a n , N S W 2 6 2 0
T : + 6 1 - 2 6 2 9 9 1 2 5 0 �� F : + 6 1 - 2 6 2 9 9 1 6 9 8
ASX Release – 3 November 2006
C O M P L E T I O N O F P L A C E M E N T
The Directors of Dyesol Limited are pleased to confirm the completion of a placement to
institutions and sophisticated investors of 8.33 million shares at $0.60 per share to raise $5
million, before costs of the issue. Dyesol is gratified by the strong show of support for the
Company and its management team, and the endorsement of the Company’s global growth
strategy
The funds raised will be used to accelerate the implementation of the strategy to be the
preferred and dominant global supplier of dye solar cell (“DSC”) products and services.
Initially, this will enable the Company to respond to an unprecedented demand for Dyesol
products and solutions. Dyesol intends to significantly increase its materials manufacturing
capacity at its Queanbeyan plant to meet requirements from its international customers and
partners. The accreditation programme for DSC building integrated panels will also be
accelerated to enable earlier introduction of the design into international markets. In parallel,
development of advanced manufacturing equipment for turnkey facilities will be brought
forward. Finally, the Company will expand technological and business resources to meet the
growth of licensed and collaborative product development projects.
The Company looks forward to reporting its progress to its highly valued shareholders as its
business plan is implemented.
Authorised by:
Mrs Sylvia Tulloch
Managing Director
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 1
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
Name of entity
DYESOL LIMITED
ABN
92 111 723 883
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be
issued
Shares
2 Number of +securities issued or to
be issued (if known) or maximum
number which may be issued
8,333,333.
3 Principal terms of the +securities
(eg, if options, exercise price and
expiry date; if partly paid
+securities, the amount outstanding
and due dates for payment; if
+convertible securities, the
conversion price and dates for
conversion)
Ordinary fully paid shares.
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
Appendix 3B Page 2 24/10/2005
4 Do the +securities rank equally in all
respects from the date of allotment
with an existing +class of quoted
+securities?
If the additional securities do not
rank equally, please state:
• the date from which they do
• the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
• the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
Yes.
5 Issue price or consideration
$0.60 per share.
6 Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly identify
those assets)
The funds raised will be applied towards
expansion of the Company’s activities and as
additional working capital for the continuing
development of the Company.
7 Dates of entering +securities into
uncertificated holdings or despatch
of certificates
To be advised.
Number +Class
8 Number and +class of all
+securities quoted on ASX
(including the securities in clause
2 if applicable)
42,547,430
6,269,791
Ordinary fully paid
shares.
Options exercisable at
20 cents each on or
before 30 November
2010.
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
24/10/2005 Appendix 3B Page 3
Number +Class
9 Number and +class of all
+securities not quoted on ASX
(including the securities in clause
2 if applicable)
33,700,000
12,025,000
Fully paid ordinary
shares.
Options exercisable at
$0.20 each on or before
30 November 2008.
10 Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
Not Applicable
Part 2 - Bonus issue or pro rata issue
Questions 11 to 33 Not Applicable
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a)
Securities described in Part 1
(b)
All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee
incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Questions 35 to 37 - Not Applicable
Entities that have ticked box 34(b)
Questions 38 to 42 - Not Applicable
Appendix 3B
New issue announcement
+ See chapter 19 for defined terms.
Appendix 3B Page 4 24/10/2005
Quotation agreement
1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may
quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
• The issue of the +securities to be quoted complies with the law and is not for
an illegal purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will
not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give
this warranty
• Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and
that no-one has any right to return any +securities to be quoted under
sections 737, 738 or 1016F of the Corporations Act at the time that we
request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the
+securities to be quoted under section 1019B of the Corporations Act at the
time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any
claim, action or expense arising from or connected with any breach of the warranties
in this agreement.
4 We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before +quotation of
the +securities begins. We acknowledge that ASX is relying on the information and
documents. We warrant that they are (will be) true and complete.
Sign here: .......................................................... Date: 3 November 2006
(Company secretary)
Print name: Kim Hogg
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