placement at 60c

Sydney - Friday - September 14: (RWE Aust Business News) -
International advanced composites group Quickstep Holdings Limited (ASX:
QHL) is set to commence undertaking the final stages of preparation to
secure aerospace process qualification and parts certification for
the Company's patented composites manufacturing process.
This comes after the announcement of a $6m share placement and
plans to undertake a Share Purchase Plan (SPP).
Capital raised through the SPP and share placement will be
partially used to fund process qualification and part certification work
relating to the Cooperation & Development Agreement between Quickstep
and Eurocopter, the world’s largest helicopter supplier; as well as
initial manufacturing trials for Airbus Deutschland GmbH - Site
Laupheim, Sikorsky and GE Aviation.
The share placement, comprising 10,000,000 fully paid ordinary
shares at an issue price of 60 cents has been completed with
international and domestic wholesale clients of State One Stockbroking
Ltd and Tolhurst Limited, who jointly acted as brokers to the placement.