News: QIN Quintis says more than $11 million secured in accelerated sales program

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    June 30 (Reuters) - Quintis Ltd (QIN)

    • More than $11 million secured in accelerated sales program-qin.ax
    • Young living has acquired 2.85 tonnes of company's sandalwood album oil for us$8.55 million
    • Quintis has already received us$6.0 million from sale
    • Remaining us$2.55 million is due to be paid following shipment, which is expected to be completed in july 2017
    • company remains in commercial negotiations with respect to its business recapitalisation
 
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