QCC Technologies Inc.

QCC Technologies Inc.

July 29, 2005 14:01 ET

QCC Technologies Inc. Announces Proposed Private Placement for $4,500,000

CALGARY, ALBERTA--(CCNMatthews - July 29, 2005) - QCC Technologies Inc.. (TSX VENTURE:QCC) ("QCC") announces its intention to complete a private placement of 10 million units at the price of $0.45 per unit for proceeds of $4,500,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each full warrant will entitle the holder to purchase one common share during the year following the completion of the private placement upon payment of the exercise price of $0.75. QCC may pay commissions or finders fees to registered dealers or others entitled to receive commissions under applicable law on the sale of the units, the payment of such being subject to regulatory approval. The proceeds of the private placement are intended to be used by QCC to fund acquisitions. The private placement is subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • QCC Technologies Inc.
    Sid Dutchak
    President and CEO
    (403) 242-6041