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Clean Air Power Ltd Announces Placing to raise GBP5 million

Friday, 23 Aug 2013 02:00am EDT 

Clean Air Power Ltd announced the placing of 51,948,000 new common shares at a placing price of 9.625 pence per share to raise approximately GBP5 million before expenses (the Placing). he net proceeds of the Placing will be used to strengthen the Group's balance sheet ahead of future partnerships, to supplement working capital and to support marketing and sales activities in Russia and the US. 

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