Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

BLIS Technologies Ltd Rights Issue


14 December 2007

For Immediate Release


BLIS Technologies Ltd Rights Issue

BLIS Technologies Ltd (NZX: BLT), developers and manufacturers of advanced oral probiotics, announced today that the company had raised $1.36 million from its recently conducted rights issue. The company is also in discussion with interested parties to take up further shares.

The CEO, Dr Barry Richardson said that Blis was pleased with the outcome of the rights issue and given the interest from other parties BLIS expects to issue more shares over the coming weeks. Dr Richardson also indicated that discussions with current and potential commercial partners are ongoing with a view to further strengthening strategic partnerships in the market.

BLIS Technologies Ltd plans on using the funds raised through the rights issue to consolidate and further expand its product range, improve its facilities and further pursue the commercialisation of its products in selected international markets.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>