High all, As Im a soph Ive been offered some stk. It looks like...

High all,

As Im a soph Ive been offered some stk. It looks like a 14.2 mill raise; 6mill placement and rest is a SPP.

Very surprised at CR and co.

I was given a reason; to accelerate growth. Basically they want to bring forward capex with regards to onshore processing fac. and alt fish pens in northern SA bay. While they had option to wait and bank organic growth incl use of debt funding the equity raise was the cheapest way forward.

All in all looks good. Wait for further dets from co. which will be out in next few days.