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New Zealand Coastal Seafoods Announces Convertible Note Details
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New Zealand Coastal Seafoods Announces Convertible Note Details

Story Highlights
  • New Zealand Coastal Seafoods has detailed a Convertible Note Subscription with a 12-month maturity and 12% interest rate.
  • Initially withheld due to funding uncertainty, the note’s details are now publicly disclosed, confirming ASX compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has shared an announcement.

New Zealand Coastal Seafoods Limited has disclosed the details of a Convertible Note Subscription agreement in response to an inquiry from ASX. The agreement involves a 12-month maturity note with a 12% interest rate, requiring shareholder approval for conversion into shares. Initially, the company withheld announcement due to uncertainty about fund availability, but now deems the information sufficiently definite for public disclosure, confirming compliance with ASX listing rules.

More about New Zealand Coastal Seafoods Limited

New Zealand Coastal Seafoods Limited operates in the seafood industry, focusing on the production and distribution of premium seafood products. The company aims to serve both local and international markets with its range of offerings.

Current Market Cap: A$3.33M

For detailed information about NZS stock, go to TipRanks’ Stock Analysis page.

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