14th October 2021 SeaDragon
Omega fish oils refiner SeaDragon says it will no longer try to sell the stock of shareholders holding less than $1,000 worth of shares.
The omega fish oils refiner says new food ingredients and white label products are about to launch following its pivot to higher value oil sales.
The news follows Bryan Mogridge’s appointment as executive chair of the omega fish oils refiner.
SeaDragon bosses remain committed to a turnaround at the omega-3 oil producer despite “unsatisfactory” full year results.
SeaDragon has restructured its borrowings from majority shareholder Pescado securing $500k via a mandatory convertible loan note.
Omega fish oils refiner SeaDragon has issued Pescado Holdings limited with 20 million shares for $4m of loan notes from the shareholder.
A US-based family buys into the fish oil company in an off-market deal.