Crailar Technologies to price public offering of 10.1 million units

Bookrunner Roth funds expansion of European wet processing facility

By Devika Patel

Knoxville, Tenn., July 8 – Crailar Technologies Inc. will sell 10,101,010 units in its public sale with a 30-day greenshoe option of 1,515,152 additional units, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission. The deal was announced April 25.

The units will consist of one common share and a half-share warrant, with each warrant exercisable at $1.24 for two years.

Roth Capital Partners is the bookrunner.

Proceeds will be used to expand the company’s European wet processing facility and purchase additional decortication equipment, for working capital and general corporate purposes.

The Victoria, B.C., company offers cost-effective and environmentally sustainable natural fiber in the form of flax, hemp and other fibers for use in textile, industrial, energy, medical and composite material applications.

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