Global Seafood Technologies announced yesterday [Wednesday] that it has entered into a common stock purchase agreement with Chicago-based institutional investor Fusion Capital Fund II, LLC. Fusion Capital has agreed to buy up to US$10m of the company's common stock over a 40-month period. The purchase price of the shares to be sold to Fusion Capital will be based upon the market price of Global Seafood's common stock at the time of sale without any fixed discount. The company has the right to control the timing and the amount of stock sold to Fusion Capital.