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Posted: November 22, 2007

Oxonica Raises GBP 4.2 Million

(Nanowerk News) Oxonica PLC said it has raised 4.2 mln stg, before expenses, through a placing of about 20.07 mln shares at 21 pence each.
The nanomaterials group said the funds raised from the placing will be mainly used to strengthen its diagnostics business, continue the development of its Solacor technology, and to increase the investment in the engine test programme for its Envirox catalyst.
Source: Hemscott