Investor Update Call Set for Wednesday, October 24
Oct. 11, 2012
/PRNewswire/ - Naturally Advanced Technologies Inc. (TSXV: NAT) (OTCBB: NADVF) ("NAT" or the "Company") is pleased to announce that the Company has closed the final tranche of its previously announced non-brokered private placement pursuant to which it has now issued an additional 198,587 units (each a "Unit") of the Company in this instance, at a subscription price of
per Unit, for additional gross proceeds to the Company of
(the "Private Placement"). The total Units issued in this non-brokered private placement are 1,067,774 for total gross proceeds to the Company of
Each Unit is comprised of one common share (each a "Share") and one-half of one transferable share purchase warrant (each a "Warrant") of the Company, and each whole Warrant now entitles the holder thereof to purchase one additional common share (each a "Warrant Share") of the Company at an exercise price of
per Warrant Share up to and including
October 10, 2014
All Shares issued pursuant to this final tranche of the Private Placement, and any Warrant Shares issued in connection with the exercise of any of the Warrants, if any, will be subject to a hold period expiring on
February 11, 2013
, in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
"With the conclusion of this additional financing we are now able to complete the installation of our facility in
Pamplico, South Carolina
as well as execute the resolutions approved at our recent shareholders meeting" said
, CEO of NAT.
The Company will hold a conference call on
Wednesday, October 24th
1:30 pm PDT
4:30 pm EDT
, at which time Mr. Barker will provide an update on the Company's strategic initiatives as presented at the Company's most recent Annual General Meeting followed by a question and answer session.
* To participate via telephone, please dial 888-503-8169, or 719-325-2495 for callers outside the U.S.at least 5-10 minutes before the presentation start time. * To listen by webcast please join at the investor relations section of the NAT website:
If you are unable to participate during the live webcast and call, the telephone replay will be available until
October 31, 2012
by dialing 877-870-5176, or 858-384-5517 for international callers, and entering pin number 2349217. The webcast will be available for replay for one week at
The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933
, as amended, and may not be offered or sold in
the United States
absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities to be made in
the United States
must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.