Coronado completes Naturol deal
and other compounds from plants, has been bought by Canada's
Coronado group.
Coronado Explorations of Canada has announced that it has completed its merger with Naturol, a Nevada-based company.
Coronado said that it had issued 50 million shares in exchange for 100 per cent of Naturol's outstanding common stock Naturol will now operate as a wholly-owned subsidiary of Coronado.
Naturol holds the exclusive US licence to proprietary technology for extraction of oils and bioactive compounds from natural materials. It is dedicated to becoming a global leader in the commercialisation of technology for the production of low cost, high quality extracts from natural materials.
Coronado said that Naturol's proprietary technologies would offer a benign, cost effective, alternative to current extraction technologies and would produce high quality extracts to be used in the $2 billion US market for pharmaceuticals, food, flavours and fragrances industries.
