Saturday, 24 February 2018

Announcement

GENERAL: SEA: Notification of issue of securities

01 Dec 2017 14:04NZX
Notification of issue of securities

For the purposes of Listing Rule 7.12.1 of the NZX Main Board Listing Rules,
SeaDragon Limited (NZX:SEA) (the Company) advises that the following
securities have been issued:

(a) Class of security: Convertible loan notes (issued to Comvita
Limited (Comvita))
ISIN:   Not applicable
(b) Number issued: 1,000,000
(c) Issue price:  $1,000,000
(d) Payment in cash: Yes
(e) Amount paid up:  In full
(f) Principal terms of the Securities:
Conversion price: $0.008 per share.
Conversion date: At any time before 5:00pm on 28 September 2018.
Comvita also has the option to convert the Notes into ordinary shares in the
Company by notice to the Company.
(g) Percentage of total Class of Securities issued: The Notes issued
comprise 33.33 % of the total issued Securities of that Class.
(h) Reason for issue: To assist the Company with its working capital
requirements as it builds Omega-3 sales.
(i) Authority for the issue: Board resolution and shareholder approval.
(j) Terms of the issue:
o Comvita has made available to the Company a loan facility of up to a
total aggregate amount of $3,000,000 by way of convertible loan notes, which
notes will be convertible to ordinary shares in the Company at a conversion
price per share of $0.008.
o Interest accrues on the outstanding notes at 7.95% per annum, and is
paid quarterly
o The notes mature at 5:00pm on 28 September 2018. Prior to maturity of
the notes, Comvita has the option to convert the notes by notice to the
Company.
o The notes are secured by a second ranking security behind Heartland
Bank.
(k) Total number of securities of the class in existence after the issue:
3,000,000.
(l) Treasury stock: Not applicable
(m) Date of issue: 1 December 2017

For further information contact:
Colin Groves
Chairman
Tel: +64 21 928 003

About SeaDragon: www.seadragon.co.nz
SeaDragon Limited (NZX:SEA) is New Zealand''s largest refiner and blender of
high-quality, internationally certified concentrated fish oils and fractions,
including Omega-3 oils. Our oils are sourced from fish caught in the clean
and pure waters around New Zealand, in the Southern Ocean, and elsewhere. We
have more than 20 years'' experience processing fish oils and we are
recognised for the quality and purity of our products. We supply health
supplement manufacturers around the world to meet the burgeoning demand for
pure, high-quality fish oils, which are scientifically proven to deliver
significant human health benefits such as lowering the risk of heart disease,
improving brain function and joint health. The majority of our supply is
exported.
End CA:00311285 For:SEA    Type:GENERAL    Time:2017-12-01 14:04:41
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SeaDragon Limited Ordinary Shares
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