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News Flash
NAT increases private placement of units
19 May '10
1 min read
Naturally Advanced Technologies Inc. announces that, further to its most recent news release dated May 14, 2010, it has increased its non-brokered private placement from 1,400,000 to up to 1,500,000 units of the Company at the same subscription price of CAD$1.00 per Unit.
Each Unit of the Private Placement is still comprised of one common share and one-half of one share purchase warrant of the Company, with each whole Warrant entitling the subscriber thereof to acquire an additional common share of the Company for a period of three years from the date of issuance of the Warrants at an exercise price of CAD$1.25 per Warrant Share.
Finders' fees may be paid by the Company in conjunction with the completion of the Private Placement in accordance with TSX Venture Exchange policies. Proceeds of the Private Placement will be used to advance the development of the Company's business and for general corporate and working capital purposes.
Each Unit of the Private Placement is still comprised of one common share and one-half of one share purchase warrant of the Company, with each whole Warrant entitling the subscriber thereof to acquire an additional common share of the Company for a period of three years from the date of issuance of the Warrants at an exercise price of CAD$1.25 per Warrant Share.
Finders' fees may be paid by the Company in conjunction with the completion of the Private Placement in accordance with TSX Venture Exchange policies. Proceeds of the Private Placement will be used to advance the development of the Company's business and for general corporate and working capital purposes.
Naturally Advanced Technologies Inc
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