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Neptune strengthens balance sheet

This article was originally published in The Tan Sheet

Executive Summary

Laval, Quebec, Canada-based Neptune Technologies & Bioresources announces Nov. 24 it has conducted a private placement of common shares to raise $4.5 mil. and accelerate its development for Neptune Krill Oil. Neptune President and CEO Henri Harland says the offering enhances the company's balance sheet, which strengthens the firms negotiations regarding the product. "The derivatives from Neptune Krill Oil as a functional health ingredient for cognitive and joint health in the health food market and for the management of cardiovascular disease as a prescription drug have attracted great interest from corporations," he says...

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