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units of the Company at a price of $1.00 per Unit for gross proceeds of $1,844,822. Each Unit consists of one common share of the Company and one half of one common share purchase warrant. Each whole warrant, entitles the holder thereof to purchase one Share for a period of 12 months from the date of issuance, at a price of $1.25 per Warrant Share.
aturalNano, Inc. (OTCBB:NNAN.OB) an- nounced that the US Patent Office had issued a
key patent which covers the use of its proprietary Halloysite material as a performance enhancing ad- ditive when used in molded polymers. NNAN has pioneered the use of environmentally friendly, natu- rally occurring Halloysite in a range of industrial ap- plications. The issuance of US Patent No. 8,124,678 titled “Nanocomposite Master Batch and Method of Manufacturing” expands the patent protection for the use of Halloysite to its incorporation as a perfor- mance enhancer to molded polymers.
NaturalNano‘s CEO James Wemett said, “One of the challenges in manufacturing reinforced polymers is getting thorough mixing of the reinforcing materials in the molding equipment to obtain the highest qua- lity products at minimal cycle times. The method and materials covered by this patent enable the creation of a high concentration pre-mix Halloysite material in pelletized form that is readily combined with stan- dard polymer pellets for use in molding machines.”
avillum Nanotechnologies won first place and $100,000 at the regional CU Cleantech New
Venture Challenge. Navillum‘s production process for quantum dots uses lower temperatures and produ- ces less waste than the traditional process. The team hopes it will become an industry standard, helping lower costs and drive broader use.
eoPhotonics Corporation (NYSE: NPTN) has received an investment from RUSNANO, Rus-
sia. RUSNANO acquired 4.97 million newly-issued common shares of NeoPhotonics Corporation in a private placement transaction at a price of $8.00 per share for gross proceeds of $39.8 million. The Company’s per share closing trading price on April 27, 2012, was $4.49. The shares are restricted from resale pursuant to a lockup agreement for up to two years, at the end of which the Company is obligated to register the shares for potential resale. In connec- tion with the investment, the Company appointed Sergey Polikarpov, RUSNANO Managing Director, to the board of directors.
12-04 :: April/May 2012
O
xford Nanopore Technologies has raised £31.4 million ($50.8 million) in new funding via a
private placement of ordinary shares in the Company.
“This round of funding, nearly all of which comes from existing investors, will support a range of cor- porate development activities including the develop-