Sealegs raises $1.3 million in share issue to Jersey investor Pirlinton Holdings

Mon, 03 Nov 2014

By Suze Metherell Nov. 4 (BusinessDesk) - Jersey-based investor Pirlinton Holdings has injected $1.3 million into Sealegs Corp, which makes amphibious boats, via a share issue which will be used for development and working capital requirements. Pirlinton bought 8.5 million shares at 15 cents apiece yesterday, to take the investor's stake to 14.7 million shares, or 11 percent of the company, according to notices lodged with the NZX. Shares of Sealegs last traded at 12 cents, and have declined 40 percent over the past 12 months. Last mon...

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