NOVOGEN LIMITED
Capital Raised at Premium to Current Share Price
NRT- Raises $5.5m for Marshall Edwards Investment - Mr Chris Naughton, MD
Fri, 1 Aug 2008 12:00PM
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Mr Chris Naughton
Fri, 1 Aug 2008
12:00PM Australia/NSW
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NOVOGEN LIMITED (NRT)
ASX code: NRT
Website: http://www.novogen.com
Industry: Pharmaceuticals, Biotechnology & Life Sciences
Principal Activities:
Pharmaceutical research and development and manufacturing and marketing of health supplements.
Address:
140 Wicks Road
NORTH RYDE
NSW
Phone: (02) 9878 0088
Fax: (02) 9878 0055
Executives & Directors
Mr Philip A Johnston , Chairman, Non Exec. Director
Mr Christopher Naughton , Executive Director, Managing Director, CEO
Prof. Alan James Husband , Executive Director
Mr Peter B Simpson , Non Exec. Director
Prof. Paul J Nestel, AO , Non Exec. Director
Mr Geoffrey M Leppinus , Non Exec. Director
Mr David R Seaton , CFO
Mr Ronald L Erratt , Company Secretary
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Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
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NOVOGEN LIMITED (NRT) Events
Australia/NSW
NOVOGEN LIMITED (NRT)
| IDMC recommends Marshall Edwards`s OVATURE Trial Continues | Thu, 13 Nov 2008 |
| Appendix 3B | Wed, 5 Nov 2008 |
| Results of Meeting | Mon, 3 Nov 2008 |
| Chairmans Report AGM 2008 | Fri, 31 Oct 2008 |
| Phenoxodiol and NV-128 show potent synergiatic effect | Wed, 29 Oct 2008 |
| Glycotex reports first patient in new study | Wed, 22 Oct 2008 |
| Glycotex Inc announces collaboration | Tue, 21 Oct 2008 |
| Notice of Meeting 2008 | Tue, 7 Oct 2008 |
| Annual Report 2008 | Tue, 7 Oct 2008 |
| Appendix 4E and Annual Report | Thu, 28 Aug 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH MR. CHRISTOPHER NAUGHTON, MANAGING DIRECTOR, NOVOGEN LIMITED (NRT)
”Capital Raised at Premium to Current Share Price”
http://www.brr.com.au/event/48876
FRIDAY, AUGUST 1, 2008, 12:00 PM.
BRR Today, Boardroom Radio speaks with the Managing Director of Novogen, Mr. Christopher Naughton. Welcome to Boardroom Radio, Chris.
10 NRT Good morning.
BRR Chris, Novogen did raise A$5.5.M for the investment in Marshall Edwards which is a US subsidiary company. Can you just tell us a little about the capital raising and Marshall Edwards?
15 NRT Certainly, well, Marshall Edwards is our majority-owned subsidiary US company separately listed on NASDAQ and it is the company that's running our Phase 3 anti-cancer drug trial for phenoxodiol. This is for ovarian cancer operating around the world in up to 70 different hospitals now. It is an expensive program and Marshall Edwards, of course, can expedite that
20 program if it applies more funding to the exercise. Well, Marshall Edwards has raised US$10 million to facilitate that clinical trial and of that, some of it came from Novogen, its parent company. Some came from a US investor, Oppennheimer, who has been a good follow-up of anti-cancer story and the technology so far. So two participants, OppenheimerFunds of New York and
25 Novogen of Sydney and New Canaan. So it has been a good raising for Marshall Edwards and it has been raising at market price and in this environment raising US$10M million at market is a good effort. Novogen's raised, that it has facilitated its contribution was actually raised at a premium from one of our significant shareholders, El Coronado Holdings, which is the
30 investor out of the US. As a result of this, US$5.5 million came into Novogen from El Coronado. That has moved El Coronado’s holding to 19.9 of Novogen. Novogen currently has about half its stock held in the US and as you may be aware, Novogen is dual listed both on, well actually primarily listed on the ASX but also listed through the ADR Program on NASDAQ and
35 we have over the last few years built up a US investment base to add for more than 50% of the company now. So it has been a very good result for Novogen and an excellent result for Marshall Edwards.
BRR Chris, it certainly is a good result considering the market volatility at the
40 moment. Thanks for the update today on Novogen.
NRT My pleasure, thank you.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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