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Published on 8/17/2006 in the Prospect News Biotech Daily and Prospect News PIPE Daily.

New Issue: Amphion raises another £10,000 to lift funding to £1.04 million

By Sheri Kasprzak

New York, Aug. 17 - Amphion Innovations plc pocketed another £10,000 from its previously announced private placement, bringing the total proceeds to £1,042,800.

The company most recently sold 38,462 shares at 26p each.

On Aug. 9, the company sold 3,972,307 shares at the same price.

Proceeds from the offering will be used to invest in new and identified opportunities.

Based in London, Amphion forms and develops companies in the life sciences and technology sector working in partnerships with corporations, governments, universities and entrepreneurs.

Issuer:Amphion Innovations plc
Issue:Stock
Amount:£1,042,800
Shares:4,010,769
Price:26p
Warrants:No
Settlement date:Aug. 17
Stock symbol:London: AMP
Stock price:30.50p at close Aug. 16

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