SeaDragon bosses to take up to $300,000 in rights offer

Mon, 31 Aug 2015

By Suze Metherell Sept. 1 (BusinessDesk) - SeaDragon's senior executives and chairman will subscribe for up to $300,000 of the fish oil refiner's $9 million renounceable rights offer which is needed to fund the building of its Nelson refinery, which has gone over-budget. Chairman Colin Groves, chief executive Richard Alderton and chief financial officer Stephen Bayley will invest a combined stake of between $250,000 and $300,000 in the Nelson-based company's three-for-five renounceable rights offer, SeaDragon said in a statement. Each rig...

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