NutraCea raises $2.4 million in private placement of bridge loan

By Sheri Kasprzak

Atlanta, Dec. 27 - NutraCea said it closed a private placement on a $2.4 million bridge loan.

The company received the bridge loan from institutional and accredited investors, including lead investor SDS Capital Partners LLC.

Additional details of the bridge loan could not immediately be obtained.

El Dorado Hills, Calif.-based NutraCea, a developer of rice bran derivative products, plans to use the proceeds from the bridge loan for working capital, implementing a management team, clinical trials and strategic alliances and partnerships.

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