Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Crailar Technologies Inc. > News item |
Crailar Technologies plans C$5 million placement of 10% convertibles
Company sells secured subordinated convertible debentures in offering
By Devika Patel
Knoxville, Tenn., Feb. 12 - Crailar Technologies Inc. said it will conduct a non-brokered private placement of 10% secured subordinated convertible debentures to raise between C$3 million and C$5 million.
The debentures will be sold in C$1,000 increments.
Settlement is expected Feb. 19.
The Victoria, B.C., company has developed technologies targeted at the textile, pulping, composite and plastics industries.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.