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Published on 5/21/2010 in the Prospect News PIPE Daily.

New Issue: Naturally Advanced completes C$1.42 million private placement of units

By Devika Patel

Knoxville, Tenn., May 21 - Naturally Advanced Technologies Inc. said it settled a C$1.42 million non-brokered private placement of units. The deal priced May 14 and was increased to C$1.5 million from C$1.4 million on May 18.

The company sold 1,424,739 units of one common share and one half-share warrant at C$1.00 per unit. Each whole warrant will be exercisable at C$1.25 until May 19, 2013.

Proceeds will be used to advance the development of the company's business and for general corporate and working capital purposes.

Naturally Advanced Technologies, based in Vancouver, B.C., is a Cleantech company focused on providing environmentally friendly textile, composite, biomass and pulping solutions, through the processing of industrial hemp and other bast fiber crops.

Issuer:Naturally Advanced Technologies Inc.
Issue:Units of one common share and one half-share warrant
Amount:C$1,424,739
Units:1,424,739
Price:C$1.00
Warrants:One half-share warrant per unit
Warrant expiration:May 19, 2013
Warrant strike price:C$1.25
Agent:Non-brokered
Pricing date:May 14
Upsized:May 18
Settlement date:May 21
Stock symbol:TSX Venture: NAT
Stock price:C$1.15 at close May 14
Market capitalization:C$38.7 million

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