Norwood raises $5.8m in US
Tuesday, 29 March, 2005
Norwood Abbey (ASX:NAL) has raised AUD$5.8 million (US$4.5 million) through a placement to three US institutional investors. The company may also receive a further $6 million in additional equity investment from the same investors within the next six months.
The capital raising plus additional equity investment is expected to fully fund the company's current business plan.
The placement, of 12.7 million shares at $0.47 per share, brings total US shareholdings in the company to 26 per cent.
'Low-risk' antibiotic linked to rise of dangerous superbug
A new study has challenged the long-held belief that rifaximin — commonly prescribed to...
Robotic hand helps cultivate baby corals for reef restoration
The soft robotic hand could revolutionise the delicate, labour-intensive process of cultivating...
Stem cell experiments conducted in space
Scientists are one step closer to manufacturing stem cells in space — which could speed up...