qrs-placement oversubscribed @ 27c

QRSciences placement oversubscribed @ 27c .
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QRSannounced today that it raised approximately 5 million dollars via an oversubscribed placement at 27 cents per ordinary share with a one for two free attaching 40 cent option expiring 12 January 2006. The shares and options were placed with sophisticated and professional investors.
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QRSciences Holdings Limited
(ABN 27 009 259 876)
PO Box Z5388 Perth WA 6831 AUSTRALIA
Tel: +61 8 9358 5011 Fax: +61 8 9358 5022 e-Mail: [email protected]
ASX LODGEMENT COVER PAGE
Company: QRSciences Holdings Limited
Code: QRS
HOMEX: Perth
Document Date: 10/09/04
Document Ref : 177
Release Time: Immediate

Subject: QRSciences placement oversubscribed

QRSciences Holdings Limited
(ABN 27 009 259 876)
PO Box Z5388 Perth WA 6831 AUSTRALIA
Tel: +61 8 9358 5011 Fax: +61 8 9358 5022 e-Mail: [email protected]
Holdings Limited

10 September 2004

QRSciences placement oversubscribed
QRSciences Holdings Limited (ASX:QRS)

announced today that it raised approximately 5 million dollars via an oversubscribed placement at 27 cents per
ordinary share with a one for two free attaching 40 cent option expiring 12 January 2006. The shares and options were placed with sophisticated and professional investors. The Company will use the funds for ongoing working capital.

The placement was managed by Emerging Growth Capital Pty Limited in Sydney.

About QRSciences Limited
QRSciences Limited is based in Perth, Western Australia and specialises in commercially focused physical sciences R&D. The company is a world leader in
Quadrupole Resonance (QR) applications, a next generation technology that uses radio frequency spectroscopy techniques to identify and detect molecular structures. QR is closely related to Magnetic Resonance Imaging (MRI) which is widely employed in industry and the medical profession. Applications for the technology include explosive and narcotic detection, pharmaceutical quality control and assurance, lab instrumentation and environmental science applications.
QRSciences Holdings Limited owns 61% of QRSciences Limited.
For further information, please contact:
QRSciences Holdings Limited
Tel: 08 9358 5011
Email: [email protected].
Visit: www.qrsciences.com and www.qrsholdings.co