Consegna Group (ASX: CGP) has received a vote of confidence from substantial shareholder Balam Global, which has increased its shareholding in the company to 14.33%.
Balam acquired 16.5 million shares on market for a consideration of US$835,776 (A$806,384) on 13 January 2012, providing an average entry price of US$0.05.
Consegna continues to attract investor interest which landed it an ASX speeding ticket in early January over a 57% share price jump to a high of A$0.052.
Consegna capped off a busy 2011 with the closing of the purchase of Aspen Medisys, LLC. Aspen's portfolio includes a nanoparticle magnetic thermotherapy technology platform for the treatment of solid tumours.
Consegna aims to identify, acquire and commercialise late stage therapeutic delivery technologies.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24218/consegna-group-substantial-shareholder-buys-more-shares-on-market--24218.html
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