SeaDragon raises $10 mln, adding extra placement after rights issue, bookbuild

Tue, 29 Sep 2015

By Paul McBeth Sept. 30 (BusinessDesk) - SeaDragon, the fish oil refiner, has raised $10 million to help fund the completion of a new factory in Nelson, undertaking an extra placement to investors in excess of what it was seeking through a rights issue and bookbuild. The Nelson-based company sold 1.25 billion shares and options at 0.008 cents a piece, raising $10.01 million, which it will use to build its Omega-3 refinery and add a fractionation plant at the new site, upgrade its existing manufacturing facility, and provide it with enough...

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