News Articles for Seafarms Group

Seafarms shareholders lodge fresh legal action

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Kathmandu co-founder Jan Cameron has lodged fresh legal action against Seafarms Group in the latest bid to recoup some of the millions she invested in the Project Sea Dragon prawn farm.

Project Sea Dragon rises from the depths

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Seafarms Group Limited has completed its acquisition of assets and undertakings of Project Sea Dragon from the liquidator, paving the way for a return of the trouble-plagued prawn farm.

Kununurra prawn farm back, again

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Seafarms aims to save prawn project

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

New horizon for Project Sea Dragon

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Heavy losses at Seafarms ahead of court decision

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Board Moves March 22, 2024

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms to appeal prawn farm decision

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Seafarms’ prawn project wound up

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Trahar seeks 100pc of CO2 Australia

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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 ‘committed’ to reviving collapsed project

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Board Moves April 13, 2023

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms project going into administration

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms told to pay $13m to contractor

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Seafarms says business not for sale

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Seafarms’ review to determine fate of Project Sea Dragon

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Board Moves May 20, 2022

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Board Moves May 6, 2022

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms boss ousted

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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 in boardroom drama

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Board Moves December 29, 2021

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Board Moves November 30, 2021

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Project Sea Dragon review, chair steps down

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Board Moves November 1, 2021

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Project Sea Dragon cost revised

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Board Moves September 2, 2021

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms Group raises $90m

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Seafarms to award $78m in contracts

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms raises $12.5m

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Aust stocks surge on huge US stimulus deal

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Cochlear in raising, ASX warnings multiply

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

WA directors in multi-million dollar share trades

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Infrastructure investment, marketing to grow agribusiness

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Seafarms to raise up to $24m

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

AHG falls from ASX 200, six WA companies join ASX 300

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Corporate finance deals August 2018

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Seafarms raises $10m as Trahar invests

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

$2bn investment on fertile ground

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.

Growing quality seafood in its natural Abitat

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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

Robb joins Seafarms as adviser

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

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.