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Statement from MerSea Holdings shareholders

Statement from MerSea Holdings shareholders

SeaDragon has received the following statement from its major shareholders SDMO Trustee Limited and Merinova Limited, respectively holders of 14.1% and 11.5% of the company’s ordinary shares. The entities are the owners of MerSea Holdings Limited, SeaDragon’s former 25.6% shareholder.

“SDMO Trustee and Merinova, wish to advise SeaDragon that they remain supportive of SeaDragon’s strategy, the Board and the terms of this year’s $10.009 million capital raising, including the grant of an option to Comvita to invest a further $3 million which is to be voted on at a special meeting of SeaDragon shareholders to be held in the near future. SDMO Trustee and Merinova recently agreed to dissolve MerSea Holdings and distribute the shares it held in SeaDragon according to each entity’s economic interest in the company. The share distribution took place on Tuesday 17th November 2015 and MerSea Holdings is now in voluntary liquidation.”

SDMO Trustee principal and SeaDragon Director Stuart Macintosh said: “SeaDragon has a bright future in the production of sustainably sourced New Zealand Omega-3 fish oils. I am looking forward to sharing in the gains as the company makes the most of what is a significant opportunity.”

Merinova majority shareholder and SeaDragon Honorary President Ross Keeley said: “I have been with SeaDragon for over 11 years and continue to be very excited about the opportunities it enjoys in domestic and international markets. The recent capital raising has put the company on a strong footing to achieve its goals.”

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