Brief: AquaBounty Announces Pause To Ohio Farm Construction While It Evaluates Scope Alternatives And Possible Phased Approach

Aquabounty Technologies

02/06/2023 14:06

June 2 (Reuters) - AquaBounty Technologies Inc  AQB.O :
    * AQUABOUNTY ANNOUNCES A PAUSE TO OHIO FARM CONSTRUCTION
WHILE IT
EVALUATES SCOPE ALTERNATIVES AND A POSSIBLE PHASED APPROACH
    * AQUABOUNTY TECHNOLOGIES INC - WILL PAUSE CONSTRUCTION OF
ITS
FARM IN PIONEER, OHIO DUE TO A SUBSTANTIAL INCREASE IN ITS
ESTIMATED COST OF COMPLETION
    * AQUABOUNTY TECHNOLOGIES INC -WILL TAKE NEEDED TIME TO
EVALUATE
TIMING & COST OF SIZE & SCOPE ALTERNATIVES, INCLUDING PHASED
APPROACH TO FINISH PROJECT
    * AQUABOUNTY TECHNOLOGIES - CANNOT FINANCE PROJECT THROUGH A
MUNICIPAL BOND PLACEMENT WITHOUT A SIGNIFICANT INCREASE IN
COMPANY'S EQUITY CONTRIBUTION

Source text for Eikon:  ID:nGNX67Tjg4 
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