Australian shrimp farmer Seafarms is seeking to raise AUD 105 million (€66.6 million/$79.6 million) through a share placement and share purchase plan in a bid to start constructing stage one of its land-based mega shrimp farm, Project Sea Dragon.
The group, which is backed by Japanese giant Nippon Suisan Kaisha (Nissui), is seeking to raise AUD 90 million (€57.1 million/$68.2 million) by way of a placement to institutional and other investors, and a further AUD 15 million (€9.5 million/$11.4 million) via a share purchase plan with eligible shareholders.
