Navigation Links
Northwest Secures US$4.0 Million in Debt Financing
Date:5/9/2008

BETHESDA, Md., May 9 /PRNewswire-FirstCall/ -- Northwest Biotherapeutics, Inc. (AIM: NWBS and NWBT; OTC Bulletin Board: NWBO), today announced that Al Rajhi Holdings W.L.L. ("Al Rajhi") has entered into an agreement, executed on May 6 2008, to provide NWBT with debt financing in the amount of US$4.0 million (the "Loan").

Under the terms of the Loan, Northwest will receive US$4.0 million in return for an unsecured promissory note in the principal amount of US$4,240,000 (reflecting an original issue discount of six percent, or US$240,000). The Loan has a term of six months. Al Rajhi may elect to have the original issue discount amount paid at maturity in common stock of NWBT, at a price per share equal to the average closing price of NWBT's common stock on the NASD Over The Counter Bulletin Board over the ten trading days prior to the execution of the Loan agreement.

The Directors of the Company consider, having consulted with the Company's Nominated Adviser, Collins Stewart Europe Limited, that the Loan is fair and reasonable in the circumstances insofar as the Company's shareholders are concerned. In giving its advice to the Directors, Collins Stewart Europe Limited relied on their commercial assessment.

Alton L. Boynton, Chief Executive Officer of NWBT said:

"We are delighted to have secured this Loan from Al Rajhi. Since investing in our IPO on AIM in June 2007, Al Rajhi has accumulated a significant stake in Northwest and currently holds in excess of ten per cent of our issued and outstanding common stock. We appreciate their support for the Company and our DCVax(R) technology. The Loan will enable us to continue moving our programs forward aggressively, with minimal dilution for existing shareholders."

About NWBT

Northwest Biotherapeutics is a biotechnology company focused on developing immunotherapy products that treat cancers more effectively than current treatments, with limited toxicity, on a cost-effective ba
'/>"/>

SOURCE Northwest Biotherapeutics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. Cell Therapeutics, Inc. (CTI) Invest Northwest Presentation to be Webcast
2. Cell Therapeutics, Inc. (CTI) to Present at 7th Annual WBBA Invest Northwest Conference
3. Lonza Withdraws Majority of Claims in Patent Lawsuit Against Northwest Biotherapeutics
4. Northwest Biotherapeutics, Inc. Announces Appointment of Chief Financial Officer
5. D-Pharm Secures Funding From Israels Chief Scientists Office
6. Aerovance Secures $20 Million in Debt Financing
7. Amarin Secures Global Intellectual Property Rights for Lipid Programs
8. Ranier Technology Secures GBP8m Funding for its Cadisc Replacement Spinal Discs
9. Halogen Announces Record Year - Company Solidifies Leadership Position, Secures Strategic Wins Over Competition
10. Taligen Therapeutics Secures Series B Financing
11. Neptune Technologies & Bioressources Inc. Secures Access to Nationwide Consumer Mass Market in the United States
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/3/2008)... -- Company Maintains Full Year Guidance, S...ll/ -- Mindray,Medical International Limited (NYSE...keter of medical devices worldwide today announced...second quarter ended June 30, 2008.,During the qua...on of,Datascope Corp.,s patient monitoring busines...
(Date:9/3/2008)...ed Industry Executive to Lead Company,s Business D...s, BEDFORD, Mass., Sept. 3 /PRNewswire-FirstCall/...er in patch pump technology with its OmniPod(R),In...ntment of William,"Bill" D. Arthur III as Vice Pre...Arthur will lead the company,s business developmen...
(Date:9/3/2008)...press RP-Amide provides improved selectivity for p...rstCall/ -- Supelco, a division of,Sigma-Aldrich (... product,line ( http://www.sigma-aldrich.com/expre... to provide the analysis speed and resolving power...ackpressure. Ascentis Express,RP-Amide, an embedde...
(Date:9/3/2008)...earnal appointed Senior Vice President, Commercial...re/ -- Cumberland Pharmaceuticals,Inc. has appoint...ce,President, Commercial Development. In this newl...volved with Cumberland,s commercial strategy and,b.../www.newscom.com/cgi-bin/prnh/20080903/CLW115 ), ...
Breaking Biology Technology:Mindray Medical International Announces Second Quarter 2008 Results 2Mindray Medical International Announces Second Quarter 2008 Results 3Mindray Medical International Announces Second Quarter 2008 Results 4Mindray Medical International Announces Second Quarter 2008 Results 5Mindray Medical International Announces Second Quarter 2008 Results 6Mindray Medical International Announces Second Quarter 2008 Results 7Mindray Medical International Announces Second Quarter 2008 Results 8Mindray Medical International Announces Second Quarter 2008 Results 9Mindray Medical International Announces Second Quarter 2008 Results 10Mindray Medical International Announces Second Quarter 2008 Results 11Mindray Medical International Announces Second Quarter 2008 Results 12Mindray Medical International Announces Second Quarter 2008 Results 13Mindray Medical International Announces Second Quarter 2008 Results 14Mindray Medical International Announces Second Quarter 2008 Results 15Mindray Medical International Announces Second Quarter 2008 Results 16Mindray Medical International Announces Second Quarter 2008 Results 17Insulet Appoints Bill Arthur as Vice President of Business Development 2Insulet Appoints Bill Arthur as Vice President of Business Development 3Insulet Appoints Bill Arthur as Vice President of Business Development 4Supelco(R) Expands Ascentis(R) Express HPLC Columns Line for High-Speed and High-Efficiency Separations 2Cumberland Pharmaceuticals Taps Industry Veteran for Key Executive Position 2
...ely unseen battle now raging in the workplace. It ...n the one side are managers who covet the traditio... status - in return for a total commitment to play...e.g., long hours in the office, grueling travel, a...atever the business requires. Only Type A,s need a...
...mdash; Inacom Information Systems was awarded Ci...networking company,s annual partner summit in San ...eme Wireless Makeover marketing campaign, which th...ly and one, Dane Manufacturing, to be given an imp...n began last November, and Inacom will hold a semi...
... - A fund to provide capital for local and region...from the Eau Claire Area Economic Development Corp...sult of feedback from contestants in a regional bu...ion Development Fund will be established as a pilo...$7,500 per project for up to three projects was ap...
...the legacy of the 2005-2006 session of the Wiscons...nate floor, but in court, where a few former leade...rces for campaigns. Others might say this Legislat...of social issues, from carrying concealed weapons ...e death penalty. , ,There,s a third way to rememb...
Other Biology Technology:Who will win the battle to redefine the workplace? 2Who will win the battle to redefine the workplace? 3Who will win the battle to redefine the workplace? 4Who will win the battle to redefine the workplace? 5Four ways lawmakers could help Wisconsins high-growth economy 2Four ways lawmakers could help Wisconsins high-growth economy 3
(Date:9/4/2008)...RC-AACR San Antonio Breast Cancer Symposium featur... translational and clinical breast cancer research... therapeutic approaches, as well as strides being ..., To help you take the best advantage of the symp...s, we encourage you to visit www.sabcs.org to vi...
(Date:9/3/2008)...A September 4, 2008) The tumor suppressor gene pR...ic biomarker in cases of soft tissue sarcoma (STS)...esearchers, including scientists at the Sbarro Ins...at the College of Science and Technology at Temple... Human Pathology and Oncology, University of Siena...
(Date:9/3/2008)...ept. 3, 2008) Scientists at the U.S. Department o...won an $800,000 EUREKA award from the National Ins...se molecular ruler for measuring distances within ...i-wavelength Anomalous Diffraction using Medium An...atically reduce the time necessary to reveal the b...
(Date:9/3/2008)...onn. Yale molecular and evolutionary biologists in...s produced the full genome sequence of Trichoplax...ganisms, providing a new insight into the evolutio... in the online edition of the journal Nature sho...nuclear genomes found in a multi-cellular creature...
Breaking Biology News(10 mins):International team reveals first prognosticator of survival in aggressive cancer 2NIH awards Argonne $800,000 to develop tool to measure distances within proteins 2Trichoplax genome sequenced -- 'rosetta stone' for understanding evolution 2New book further supports controversial theory of Man the Hunted 4547 1New book further supports controversial theory of Man the Hunted 4547 2New book further supports controversial theory of Man the Hunted 4547 3New book further supports controversial theory of Man the Hunted 4547 4New book further supports controversial theory of Man the Hunted 4547 5Americas Agenda to Honor Former House Majority Leader Richard Gephardt at Democratic National Convention 25614 1Americas Agenda to Honor Former House Majority Leader Richard Gephardt at Democratic National Convention 25614 2Taming Your Temper 3A Learning to Turn Down the Heat 25611 1Taming Your Temper 3A Learning to Turn Down the Heat 25611 2How to stop a new type of heart attack 4546 1How to stop a new type of heart attack 4546 2
...ch in mice provides more evidence that a brief bou...l boost ?under certain conditions. , Laboratory r... for minutes to hours ?temporarily mobilized all m...tial battle stations in the body. In certain situa...immune cells may be advantageous, as leukocytes fi...
...00 years ago - a few hundred thousand years after ...ca - descendants of archaic humans crossed the Ber...eral lines of evidence support this model, but tha...otly debated. In a paper published in the premier ...eals how the sizes of the first New World populati...
...chnologies Inc. (NYSE: A) today announced that it ...robe sequence and annotation information for all o... is expected to improve cross-laboratory experimen... "Full release of the probe sequences is an admira... said Catherine Ball, president of the Microarray ...
...le paw prints with huge 10 centimetre-long nails s... evidence seals the case of the most northerly sig...ing evidence that Canada,s High Arctic is no longe...having to make room for its southern cousin. , Th...s arctos) was discovered on Melville Island, an un...
Other Biology News:A little stress gives beneficial oomph! to immune system 2A little stress gives beneficial oomph! to immune system 3New World founders small in number 2Agilent Technologies releases probe sequence, annotation information for all its commercial gene expression microarrays 2Grizzlies set to invade high Arctic? 2
Aldolase A (N-15)
Bovine Renal Artery Endothelial Cells (BRAEC) (>500,000 cells)
...tor antiserum This NPY Y2 antibody has been exte...urrently being characerized in brain. The antibody... to work better on mose tissue, although positive ... in dorsal root ganglion and spinal cord see: J Co...
RECK (F-20)
Biology Products: