CRAiLAR to close $2 mln private placement with Hydra Ventures
CRAiLAR Technologies Inc (TSXV: CL) is in talks to close a $2 million private placement with Hydra Ventures B.V., the corporate venture investment arm of the Adidas Group. Hydra Ventures has agreed to subscribe for up to 3,333,333 units of the company, at a proposed subscription price of $0.60 per unit. Based in Victoria, British Columbia, CRAiLAR is a provider of sustainable natural fiber in the form of flax, hemp and other bast fibers for use in textile, industrial, energy, medical and composite material applications.
19 December 2013•3 mins read
