Crailar Technologies announces plans to price a public sale of units

Bookrunner Roth funds expansion of European wet processing facility

By Devika Patel

Knoxville, Tenn., April 25 - Crailar Technologies Inc. will price a public sale of units with a 30-day greenshoe option, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

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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