Originally Posted by
Scooter
27 August 2014
SeaDragon signs new working capital facilities; new factory progresses
New Zealand’s largest refiner and blender of high-quality fish oils, SeaDragon, has
agreed on a new $3 million working capital facility.
The facility is to be used to fund raw materials secured under the supply agreement for
its existing plant announced in March. Under that agreement, SeaDragon has contracted to
buy raw material more than sufficient to cover squalene production budgeted for the 2015
financial year and beyond.
SeaDragon Chief Executive Ross Keeley said: “This facility highlights SeaDragon’s strong
position. It recognises the strong demand for our products. It also recognises the
security provided by the two squalene sales contracts announced in May and June.
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