raising

Pharmanet places 47.2m shares at 1.8c with options
14:58, Friday, 29 December 2006

Sydney - Friday - December 29: (RWE Australian Business News) -
Pharmanet Group Ltd (ASX code: PNO) has completed a placement of 47.22
million shares at 1.8c each, raising a total of $850,000.
The issue includes 1-for-1 free attaching options, exercisable
at 5c by December 31 2008.
The issue of the options is subject to shareholder approval at
the next general meeting of members, which is expected to be convened
early in the New Year.
Pharmanet shares last traded at 2.2c.