spp: investment by elders

Sydney - Monday - November 13: (RWE Australian Business News) -
Clean Seas Tuna Ltd (ASX code: CSS) today announced an $8.25 million
institutional placement, a $1.1 million share purchase plan and the
introduction of Elders Ltd as a shareholder.
Clean Seas has arranged a placement of 7.5 million shares at 55c
each and 7.5 million converting notes at 55c each to sophisticated and
professional investors.
Cartesian Capital Pty Ltd acted as lead manager and Lonsec Ltd
as broker to the issue, which had been approved by shareholders at the
annual meeting held on October 23.
Also, Cartesian proposes to sell the 1.632 million Clean Seas
shares and 1.632 million converting notes currently held by the vendors
of the South Australian Aquaculture Management Kingfish business.
This sale is likely to occur at 55c per share and 55c per note.
Australian Tuna Fisheries Pty Ltd, a company owned by Clean Seas
chairman Mr Hagen Stehr, has committed to acquire 500,000 shares and
500,000 notes under the institutional placement and will seek to acquire
a further 500,000 of each under the SA Aquaculture Management sale.
Elders, a subsidiary of Futuris Corporation Ltd (ASX code: FCL),
has committed to acquire 2.5 million shares and 2.5 million converting
notes under the institutional placement and will seek to acquire a
further 1 million of each under the SAAM sale.
Clean Seas has also announced a share purchase plan, involving
up to 2 million shares, at 55c a share for shareholders who were
registered on Friday November 10.