SeaDragon cornerstone shareholders keep company afloat via $6M convertible loan note

Thu, 14 Jun 2018

By Rebecca Howard June 14 (BusinessDesk) - SeaDragon has negotiated $6 million of new funding from its cornerstone shareholders and a new deal with Comvita that will allow it to meet immediate and medium-term cash flow requirements. The fish oil manufacturer said that BioScience Managers, an Australian investment firm, and Pescado Holdings, which is associated with Christchurch's rich-lister Stewart family agreed to advance up to $3 million each via a new convertible loan note facility. An existing convertible loan note facility and exist...

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