The placement price represents a 30% discount off the volume weighted average of 0.5 cent for trades done on Jan 27, the last trading day before the placement plans were announced.
Dental group Quantum Healthcare plans to raise $1 million by placing out just over 285.7 million shares at 0.35 cents each.
PrimePartners Corporate Finance has been hired to place out these new shares, and will earn a fee of 3.5% along the way. The placement is not underwritten.
