Published on 4/7/2005 in the Prospect News PIPE Daily.
New Issue: Marine Produce arranges private placement of stock for A$2.09 million
By Sheri Kasprzak
Atlanta, April 7 - Marine Produce Australia said it plans to raise A$2,090,545 in a private placement of stock.
The company will offer 20,905,451 shares at A$0.10 each to Soul Private Equity Ltd.
Based in West Perth, Western Australia, Marine Produce is a seafood production company. It plans to use the proceeds from the offering to accelerate the development of its seafood business.
| Issuer: | Marine Produce Australia
|
| Issue: | Stock
|
| Amount: | A$2,090,545
|
| Shares: | 20,905,451
|
| Price: | A$0.10
|
| Warrants: | No
|
| Investor: | Soul Private Equity Ltd.
|
| Pricing date: | April 7
|
| Stock price: | A$0.115 at close April 7
|
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