Announcement
MKTUPDTE: SEA: SeaDragon announces short-term funding
01:33pm
SEA
18/02/2020 13:33
MKTUPDTE
PRICE SENSITIVE
REL: 1333 HRS SeaDragon Limited
MKTUPDTE: SEA: SeaDragon announces short-term funding
SeaDragon Limited (NZX:SEA) is pleased to announce that it has entered into a
loan agreement with cornerstone shareholder, Pescado Holdings Limited (a
member of the Masthead group of companies) ("Pescado").
Under the terms agreed, Pescado has committed to advance, on an unsecured
basis, up to $1,000,000 to finance general corporate and working capital
purposes of the company.
This loan will provide a bridge while capital raising activities are
undertaken.
Any amounts advanced by Pescado to the company are to be repaid no later than
18 August 2020.
For further information, contact:
Bryan Mogridge
Chairman
Tel: +64 21 931 355
About SeaDragon: www.seadragon.co.nz
SeaDragon Limited (NZX:SEA) is New Zealand's largest refiner and blender of
high-quality, internationally certified concentrated fish oils and fractions,
including Omega-3 oils. Our oils are sourced from fish caught in the clean
and pure waters around New Zealand, in the Southern Ocean, and elsewhere. We
have more than 20 years' experience processing fish oils and we are
recognised for the quality and purity of our products. We supply health
supplement manufacturers around the world to meet the burgeoning demand for
pure, high-quality fish oils, which are scientifically proven to deliver
significant human health benefits such as lowering the risk of heart disease,
improving brain function and joint health. The majority of our supply is
exported.
End CA:00348590 For:SEA Type:MKTUPDTE Time:2020-02-18 13:33:29
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