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Share Purchase Plan by SeaDragon Limited
SeaDragon is on the move, with SPP offer to shareholders.
Share Purchase Plan by SeaDragon Limited
As previously announced, SeaDragon recently completed a successful private placement to investors and indicated its intention to undertake a share purchase plan to all shareholders.
SeaDragon has, today, lodged a notice with NZX for the Share Purchase Plan to have a record date of 16 December 2013.
The Share
Purchase Plan details include the following:
• Offer
to New Zealand resident SeaDragon shareholders who are
recorded on the SeaDragon share register as at 5pm on Monday
16 December 2013.
• SeaDragon is seeking to raise up to
$2.5 million from the Share Purchase Plan, but may at the
discretion of SeaDragon’s Board elect to accept
subscriptions received in excess of this amount.
•
Maximum application of $15,000 per shareholder.
• The
issue price for the shares to be offered pursuant to the
Share Purchase Plan will be 1.6 cents per share, which is
the same issue price as the private placement under taken
last week.
Further details and documentation will be
released following their approval by the NZX.
SEADRAGON
LIMITED
Ross Keeley
Chief Executive
Officer
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