Questions? +1 (202) 540-8337 Login
Trusted News Since 1995
A service for global professionals · Sunday, July 22, 2018 · 456,290,486 Articles · 3+ Million Readers

Naturally Advanced Technologies Raises $916,366

September 23, 2009, 2009 (FinancialWire) — Naturally Advanced Technologies Inc. (TSX Venture: NAT) (OTCBB: NADVF) has closed a non-brokered private placement consisting of 833,060 units at a subscription price of CDN$1.20 per unit, and for gross proceeds of CDN$999,672, or $916,366.

Each unit is comprised of one common share and one-half of one share purchase warrant of the company. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of CDN$1.50 per warrant hare until September 21, 2012.

All shares issued and any warrant shares issued in connection with the exercise of any of the warrants will be subject to a four month hold period expiring on January 22, 2010. The company plans to use the proceeds to advance development of its business and for general working capital.

Portland, Oregon-based Naturally Advanced Technologies is developing proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products, in collaboration with Canada’s National Research Council and the Alberta Research Council.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site ( Contact FinancialWire(tm) directly via

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (

Powered by EIN Presswire