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Neptune looks to raise $25 million through share offering
date:Mar 04, 2014
Developer and manufacturer of marine-derived omega-3 polyunsaturated fatty acids Neptune has priced an underwritten public offering of 10,000,000 newly issued common shares at a public offering price of US$2.50 per share.

The gross proceeds to Neptune are expected to be approximately US$25 million.

Neptune said that it intends to allocate approximately US$10 million for sales, marketing and distribution of its krill oil products, approximately US$5 million to support one of its subsidiaries, N

12/25 21:43