South Perth-based seafood processor Sam's Seafood Holdings Ltd has completed its recapitalisation fund raising, earning $1.7 million through the issue of 292.8 million shares and 30 million options.
South Perth-based seafood processor Sam's Seafood Holdings Ltd has completed its recapitalisation fund raising, earning $1.7 million through the issue of 292.8 million shares and 30 million options.
The full text of a company announcement is pasted below
Sam's Seafood Holdings Limited ("the Company") is pleased to advise that it has completed the capital raising under its Prospectus dated 12 September 2007. The offer was fully subscribed and as a result 292,800,000 Fully Paid Ordinary Shares and 30,000,000 Free Attaching Options were issued at various prices to raise $1,744,000.
In addition, the Company confirms that the Securities have been allotted as per the Appendix 3B released to the market on 12 September 2007. Despatch of the Holding Statements for the Securities issued as part of the Prospectus occurred on the 28th September 2007, following closure of the Prospectus.
The Directors would like to thank all applicants for participating in the offer of Securities in Sam's Seafood Holding Limited.
Subscribe today for award-winning, unbiased and trusted journalism