Search

Q-Vis back to retread the board

Laser-eye developer Q-Vis is due to re-list on the Australian Stock Exchange this week following completion of a $2.4 million capital raising.

The capital raising at 0.8 cents per share was partly underwritten by Paterson Ord Minnett and facilitated by Ascent Capital, a specialist in the reconstruction and recapitalisation of listed companies.

 

Chairman David Steinepreis said the company had established a joint venture with Paul Van Saarloos and Simon Gordon to evaluate Q-Vis’ intellectual property for future development and possible commercialisation.

Dr Van Starloos and Mr Gordon are former senior executives of the company who subsequently established Balcatta-based CustomVis, which has developed complementary technology.

The two men will hold a 51 per cent stake in the joint venture and CustomVis has an option to acquire that stake.

Q-Vis originally listed on the ASX in July 2000 and was suspended in December 2002 following ongoing losses.

 

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer