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CALGARY, ALBERTA--(Marketwire - April 19, 2011) - Qsolar Limited ("Qsolar" or the "Company") (CNSX:QSL) today announced the closing of the private placement announced on April 7, 2011, for total gross proceeds of CAD$1,500,000. Pursuant to the financing, the Company issued 15,000,000 units priced at $0.10 per unit. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of $0.15 within 18 months from issuing. |
