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HiTec on track

HiTec Energy has closed the September quarter on a positive note with the successful closure of its share purchase plan and prospectus issues which raised the maximum subscription limit of $5 million.

The company has also completed an asset sale agreement with ABN AMRO Bank NV and ABN AMRO Ausralia Limited meaning that HiTec is now the owner of the Kalgoorlie Assets that were described in its prospectus.

The company had $5.2 million cash on hand at September 30.

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