Investor Relations

Placement

Back Jun 13, 2003
Q MULTIMEDIUM LIMITED                         2003-06-13  ASX-SIGNAL-G

HOMEX - Perth                                                         

+++++++++++++++++++++++++
Q Multimedium Limited (QMM) is pleased to announce that it has
completed a placement of 17,467,745 fully paid ordinary shares in the
capital of the company at an issue price of $0.035 each to raise
approximately $611,371. The shares will shortly be issued to
investors who are clients of Equity Capital Markets0
 Limited and to
whom Section 708 of the Corporations Act 2001 applies.

The funds raised will be used for:

* Expansion of Jumbuck Corporation Pty Ltd (wholly owned subsidiary
of QMM);

* Working capital; and

* Costs of the placement.

Pursuant to Class Order 02/1180, QMM confirms that all information of
the kind that would be required to be disclosed under Section 713(5)
of the Corporations Act, if a prospectus were to be issued in
reliance on Section 713 in relation to an 0
offer of securities, has
been disclosed to Australian Stock Exchange Limited.

D J Berinson
COMPANY SECRETARY

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