News Articles for Seafarms Group

A prawn farm on Legune Station on the NT-WA border could be back on the cards, after the company behind the problem-plagued asset launch a fresh play.

The company behind the Project Sea Dragon prawn farm near Kununurra will double a debt facility with an entity controlled by a director in an effort to remain solvent and revive the project.

Seafarms Group is hopeful for progress on its Kimberley prawn farm after liquidators for Project Sea Dragon recommended it be placed back in voluntary administration.

Prawn producer Seafarms has posted a $19.6 million loss for the year, while its flagship Project Sea Dragon prawn farm continues to face uncertainty.

Our board moves wrap includes Matt Freedman, John Carr, Elizabeth Henson, Peter Fraser, and Rod Dyer.

Aquabusiness Seafarms Group has committed to reviving Project Sea Dragon after the Federal Court ruled the subsidiary behind the prawn farm proposal be wound up.

The Federal Court has canned a major prawn farm proposal after finding the Seafarms Group subsidiary responsible for the project has been trading while insolvent.

Ian Trahar has moved to take full ownership of environmental services company CO2 Australia, which was demerged from Seafarms Group more than five years ago.

Seafarms Group says it is committed to developing Project Sea Dragon after it regained control of the collapsed prawn farm from administrators in March.

Our board moves wrap includes Terutaka Kuraishi, Hisami Sakai, Jane Nelson, Carlos Mesquita, Guy Lansdown, and Simon Borck.

Seafarms Group is preparing to place its struggling aquaculture development Project Sea Dragon into administration weeks after losing a $13.9 million contract dispute.

Aquaculture company Seafarms Group has been told to pay $13.9 million to construction company Canstruct over disputes with its proposed Project Sea Dragon facility.

Aquaculture company Seafarms Group has rejected media reports it was considering selling its business, amid uncertainty surrounding the viability of its prawn farm in northern Australia.

ASX-listed aquaculture company Seafarms Group has launched a second review of its prawn farm after an original assessment recommended the project should not proceed.

Our board moves wrap includes Lindsay Barber, Rod Dyer, Harley Whitcombe, Ian Leijer, Terutaka Kuraishi, Naoto Sato, and Ian Brannan.

Our board moves wrap includes Richard O'Shannassy, Ian Shackleton, Mick McMahon, and Ian Trahar.

Seafarms Group's executive chair and chief executive Mick McMahon has stepped down from the board two weeks after a major shareholder sought to have him removed.

Seafarms Group's largest shareholder has sought to remove Mick McMahon from the board less than six months after he was appointed executive chair.

Our board moves wrap includes Geoff Lucas, Paul Niardone, and Paul Favretto.

Our board moves wrap includes David Prentice, David Wheeler, Dudley Kingsnorth, Brian Talbot, Andrew Radonjic, Chris Mitchell, and Mike Young.

Seafarms Group chair Ian Trahar has stepped down and the board has launched a review of the company's flagship development Project Sea Dragon after a delay in funding arrangements.

Our board moves wrap includes Darryl Cuzzubbo, Peter Sherrington, Stephen Dennis, Jeremy King, Kim Truter, Jack Hamilton, Andrew Harris, Priyank Thapliyal, Peter North, Scott Winter, Emma Scotney, Suzie Foreman, Jessamyn Lyons, Simon Jackson, Yasmin Broughton, Tony Swiericzuk, Peter Thomas, Rebecca Morgan, Mick McMahon, Ian Trahar, Ian Brannan, and Harley Whitcombe.

The first stage of aquaculture company Seafarms Group's Project Sea Dragon will cost at least an extra $80 million due to changes to project scope and increasing material costs.

Our board moves wrap includes Michelle Hinchliffe, Chris Hunt, Matthew Worner, Denise McComish, Dale Henderson, Mick McMahon, Ian Brannan, Harley Whitcombe, and David Welch.

Aquaculture company Seafarms Group has raised $90 million and is seeking to raise $15 million more to start construction of its black tiger prawn operation, Project Sea Dragon.

Perth-based Seafarms Group will award five contracts to progress the development of a large-scale prawn aquaculture project in the Northern Territory.

Aquaculture company Seafarms Group has completed a $12.5 million capital raising ahead of the rapidly evolving COVID-19 situation to keep its operations afloat over the next 12 months.

Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.

Medical tech firm Cochlear is seeking to eliminate liquidity risk by raising $850 million as the coronavirus pandemic delays elective surgeries across a growing number of countries.

Directors of several Perth-based ASX-listed companies have undertaken substantial share transactions in the past fortnight, with Peter Bradford, Peter Cook and John Welborn among those taking advantage of the trading window after the release of their annual results.

Major WA agribusinesses plan new investments to create scale and efficiency, while smaller operators are cooperating to access new markets with niche products.

Farmed prawns producer Seafarms Group has raised $20 million via a share placement, and will conduct a share purchase plan to raise up to $4 million along with a $3 million debt-to-equity conversion.

Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.

Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.

Ian Trahar has taken a larger stake in his listed agribusiness Seafarms Group while the Perth business taps investors for $10 million.

An upgrade to a meat processing plant at Katanning, a chicken feed mill in Muchea, a new piggery at Moora and a live lobster holding facility in Welshpool are the latest in a string of investments that will boost the agribusiness sector in Western Australia.

The aquaculture and fisheries industries are both attracting investor interest as businesses float significant growth plans.

Former federal trade and investment minister Andrew Robb has joined Perth-based aquaculture firm Seafarms Group as it progresses its $1.45 billion Sea Dragon prawn project in the Northern Territory.

Local aquaculture firm Seafarms Group has announced its second capital raising in the past two months, this time tapping investors for $11 million to fund ongoing work at its $1.45 billion Sea Dragon prawn project.

Perth-based Seafarms Group has commenced a $1.2 million upgrade of its prawn quarantine facility in Exmouth, which forms part of its Sea Dragon prawn aquaculture project.