SeaDragon's biggest shareholders to provide $1M bridging loan to meet cash-flow needs

Mon, 14 May 2018

By Jonathan Underhill May 15 (BusinessDesk) - The biggest shareholders of SeaDragon have agreed to provide a short-term bridging loan of $1 million to allow the unprofitable fish oil refiner to continue to operate while it tries to negotiate longer-term funding. Cornerstone shareholders – BioScience Managers, an Australian investment firm, and Pescado Holdings, which is associated with Christchurch's rich-lister Stewart family - agreed to the "short-term bridge facility" to ensure the company can meet its cash requirements through until J...

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