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

ENDS

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