(Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.)

May 17, 2010 (FinancialWire) — Naturally Advanced Technologies, Inc. (OTCBB: NADVF) (TSX-V: NAT) said it has arranged a non-brokered private placement consisting of the issuance of up to 1.4 million units of the company, at a subscription price of $1 per unit, to qualified investors, raising up to $1.4 million by the company.

Each unit is comprised of one common share and one-half of one share purchase warrant of the company, with each whole warrant entitling the subscriber to acquire an additional common share for a period of three years from the date of issuance of the Warrants at an exercise price of $1.25 per warrant share.

Oregon-based Naturally Advanced Technologies is focused on unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers.
The company, through its wholly owned subsidiary, CRAiLAR Fiber Technologies Inc., is developing proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products, in collaboration with Canada's National Research Counciland the Alberta Research Council.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [grrnnwsnr] [fnncngj] [ftrdnwswnd] [chngmdmgn] [hdlnldh]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.