MELBOURNE, AUSTRALIA and AUCKLAND, NEW ZEALAND--(Marketwire - November 06, 2007) - Living Cell Technologies Limited (ASX: LCT) (PINKSHEETS: LVCLY) today announced that U.S.-based investment group NaviGroup Management Ltd., has completed the initial closing under the Share Purchase Agreement it entered into with LCT as announced on October 4, 2007. NaviGroup has paid US$2 million for the issue of 20,213,249 shares at A$0.11 per share.
