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June 6th, 2007
Oxonica slumps on contract termination, raise funds
Shares in Oxonica slumped after the nanomaterials group terminated a supply agreement and said that it may need to raise additional funds in the next few months.
The group said it has decided not to continue to invest in demonstrating the performance of Envirox(TM) in high-sulphur fuel due to its poor test results and due to high-sulphur fuel being phased out in Turkey by July 2008.
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