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News

LCT raises $2.8m in fund transaction
July 7, 2006

Living Cell Technologies Ltd (ASX:LCT) today announced the closing of a AUD$2.8 million funding transaction with US and Australian institutional and retail investors.

The financing consists of $2 million in a convertible note at a price of $0.175 per share (taken up by US investors, including existing LCT shareholder Prospector Ltd) and a further $0.8 million in share capital, which was placed at $0.15 per share.

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