NUVO announces third quarter 2008 financi...(of interest on debentures ...),Health

interest on

debentures 295 173 729 476

Loss on

extinguishment

of convertible

debenture 299 - 299 -

Gain on sale of

assets - (508) - (508)

Other 408 - 147 (69)

Net change in

non-cash working

capital balances 1,400 (71) 1,058 (598)

Proceeds from

licensing

arrangements and

advances on

research contracts 1,093 40 1,093 40

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CASH PROVIDED BY

(USED IN) OPERATING

ACTIVITIES 283 (3,013) (4,954) (9,478)

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INVESTING ACTIVITIES

Acquisition of

property, plant and

equipment (36) (31) (120) (220)

Proceeds from sale

of assets - - 28 -

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CASH USED IN

INVESTING ACTIVITIES (36) (31) (92) (220)

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FINANCING ACTIVITIES

Issuance of common

shares and warrants,

net of related costs (1) 18,493 946 23,823

Issuance of debentures,

net of related costs 1,932 - 1,932 -

Repayments of

debentures, long-term

debt and capital lease

obligations (548) (113) (608) (668)

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