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Non-Tech : CRAiLAR Technologies Inc. (OTCBB: CRLRF TSX: CL)
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To: ~digs who wrote (19)5/18/2010 10:46:21 PM
From: caly  Read Replies (1) of 88
 
Naturally Advanced Technologies Increases Private Placement of Units
Tuesday May 18, 2010, 4:09 pm EDT

PORTLAND, OR, May 18 /PRNewswire-FirstCall/ - Naturally Advanced Technologies Inc. (OTCBB:NADVF.ob - News) (TSXV: NAT) (the "Company") announces that, further to its most recent news release dated May 14, 2010, it has increased its non-brokered private placement (the "Private Placement") from 1,400,000 to up to 1,500,000 units (each a "Unit") of the Company at the same subscription price of CAD$1.00 per Unit.

Each Unit of the Private Placement is still comprised of one common share and one-half of one share purchase warrant (each a "Warrant") of the Company, with each whole Warrant entitling the subscriber thereof to acquire an additional common share (each a "Warrant Share") of the Company for a period of three years from the date of issuance of the Warrants at an exercise price of CAD$1.25 per Warrant Share.

Finders' fees may be paid by the Company in conjunction with the completion of the Private Placement in accordance with TSX Venture Exchange policies. Proceeds of the Private Placement will be used to advance the development of the Company's business and for general corporate and working capital purposes.
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