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.
Mouth bacteria linked to increased head and neck cancer risk
More than a dozen bacterial species that live in people's mouths have been linked to a...
Life expectancy gains are slowing, study finds
Life expectancy at birth in the world's longest-living populations has increased by an...
Towards safer epilepsy treatment for pregnant women
New research conducted in organoids is expected to provide pregnant women with epilepsy safer...
