SeaDragon to raise up to $9 mln in rights issue to fund plant expansion

Mon, 17 Aug 2015

By Paul McBeth Aug. 18 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, wants to raise as much as $9 million through a discounted rights issue to help finish building its Nelson refinery, which has gone over-budget. The Nelson-based company announced a three-for-five renounceable rights offer to its shareholders for one share and one option, it said in a statement. The shares are being sold at 0.8 cents apiece, and the options can be exercised any time between Oct. 1, 2015 and Sept. 29, 2018. The offer will...

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