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Home > News > Closing of Private Placement for Owlstone Nanotech

September 7th, 2006

Closing of Private Placement for Owlstone Nanotech

Advance Nanotech, Inc., (OTCBB:AVNA) today announced that it has closed a private placement for common stock in its subsidiary Owlstone Nanotech, Inc. Pursuant to the offering, Owlstone will issue 500,000 shares to investors at $2.50 per share raising gross proceeds of $1.25 million. Upon closing of this offering Owlstone is valued at $28.75 million.


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