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.
No clear link between paracetamol in pregnancy and autism/ADHD
Existing evidence does not clearly link paracetamol (acetaminophen) use during pregnancy with...
Light at night can increase heart disease risk
Being exposed to bright light at night can significantly increase your chances of developing...
Scientists find new driver of ovarian cancer spread
A cell surface receptor known as F2R could serve as both a diagnostic marker for ovarian cancer...
