Proximar Seafood secured fresh capital
Proximar Seafood successfully completed its announced private placement last night (Thursday)
The company states that the board has conditionally allocated 70,000,000 new shares in a directed share issue, each at a subscription price of NOK 2.00 per share, with gross proceeds totaling NOK 140 million.
The funds from the issuance will be used to cover anticipated higher operating costs, financial expenses, and increased investments, as further detailed in connection with the Q3 reporting in November.
Proximar is preparing to transfer the first fish to the grow-out facility in the fourth quarter, indicating that the company is on track for the first harvest in the third quarter of next year.
- The biological growth is ahead of expectations, and we are on schedule for the transfer of fish to the crucial next phase in the grow-out facility, says Joachim Nielsen, CEO of Proximar Seafood.
