BPH Energy Limited (ASX:BPH) Capital Raising And Investment Update
Perth, Dec 15, 2010 AEST (ABN Newswire) - BPH Energy Limited (
ASX:BPH) (formerly BPH Corporate) ("BPH" or the "Company") wish to advise that the Company has successfully raised A$ 11,514,920 before costs.
In accordance with the objectives of the Prospectus, BPH wishes to advise it has now agreed to acquire a further 11,520,000 shares in Advent Energy Limited ( Advent) at a price of A$1.25 per share. This transaction increases the percentage of Advent held by BPH to 27.42%.
About BPH Energy Limited
BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.
The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.
BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.
BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).
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