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Cassels Brock Acts For The Underwriters As Naturally Advanced Technologies Closes A Public Offering Of $13 Million

Published: 07/08/2011

By Myroslav Chwaluk, Andrea FitzGerald

On July 8, 2011 Naturally Advanced Technologies Inc. closed an underwritten public offering of 3,800,000 units at a price of C$3.45 per unit for aggregate gross proceeds of C$13,110,000.

Naturally Advanced Technologies Inc. brings sustainable bast fibre-based products to market, providing environmentally-friendly natural fibre alternatives for a broad range of existing and emerging product applications, with equivalent or superior performance characteristics to cotton, wood or fossil-fuel based competitors.

Cassels Brock acted for the syndicate of underwriters that was led by Cannacord Genuity Corp. and included Cormark Securities Inc. with a team that included Andrea Fitzgerald (Securities), Jason MacIntosh (Securities), and Myroslav Chwaluk (Securities).