Consegna Group (ASX: CGP) has been granted a change of status by the ASX to voluntary suspension pending an announcement in relation to a capital raising.
While Consegna did not release any further details on its capital raising and what the funds may be used for, the company recently reaffirmed its plan for 2012 to seek international licensing deals specifically for the BreatheAssist technology.
BreatheAssist is a multi-functional nasal dilation technology that enhanced nasal airflow by 37% in a clinical study.
Importantly, there are multiple licensing opportunities for BreatheAssist, including sport, medication delivery, snoring cessation, aiding sleep apnoea and the filtration of pollen and other airborne pollutants.
Consegna said that an announcement will be made prior to the open of trade on Friday 27 January.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24500/consegna-group-granted-voluntary-suspension-pending-capital-raising-details-24500.html
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