Bell Potter -Sea Farms

Not a lot of information but a snippet of whats happening, would love to be in the issue.

Bell Potter launches Seafarms Group raising
Sarah Thompson and Anthony Macdonald
Apr 3, 2019 — 12.40pm
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Farmed prawns producer Seafarms Group is in front of fund managers seeking a $24 million equity injection.
Seafarms shares went into a trading halt on Wednesday as its broker, Bell Potter Securities, launched the equity raising.
Seafarms was seeking to raise up to $20 million in a placement of new shares and another $4 million via a share purchase plan.
New shares were being offered at 9¢ each which was an 11.6 per cent discount to the five-day VWAP, according to terms sent to potential investors.
The deal valued Seafarms at $177 million on a post-offer basis.
The transaction also saw a debt-to-equity conversion of $3 million at 9¢ a share by Seafarms executive chairman Ian Trahar, subject to shareholder approval.
Bell Potter was calling for bids into the placement by 10am Thursday.
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