Oct 16 (Reuters) - PPK Group Ltd PPK.AX :
* ENTERED JOINT VENTURE RESEARCH AGREEMENT WITH DEAKIN UNIVERSITY AND BNNT TECHNOLOGY LIMITED
* AGREEMENT TO ADVANCE RESEARCH INTO A RANGE OF BNNT POTENTIAL USES
* AGREED TO A PLACEMENT OF 2.0M SHARES AT A PRICE OF $4.25 PER SHARE TO RAISE $8.5M
* PPK TO OWN 65%, DEAKIN UNIVERSITY HOLD 25% AND BNNTTL WILL HOLD 10% OF JV