Brief: Biofish Aims To Raise NOK 45-44 Mln Through Contemplated Private Placement

BioFish Holding AS

05/01/2023 16:00

Jan 5 (Reuters) - Biofish Holding AS  BFISH.OL :
    * BIOFISH HOLDING AS: CONTEMPLATED PRIVATE PLACEMENT AND
TRADING
UPDATE
    * AIMS AT RAISING GROSS PROCEEDS OF TO NOK 45-55 MILLION
    * OFFER PRICE, NUMBER OF NEW SHARES TO BE DETERMINED
FOLLOWING
ACCELERATED BOOKBUILDING PROCESS
    * LAND PURCHASE HAS BEEN AGREED AT PRICE OF NOK 13 MILLION
OF
WHICH NOK 5.2 MILLION WILL BE PAID IN CASH, NOK 7.8 MILLION WILL
BE ISSUED AS SHARES TO BIOFISH AQUAFARM
    * DELIVERIES AND SALES IN 2022 AMOUNT TO 150 TONS AND A
TOTAL OF
NOK 16 MILLION
    * ESTIMATES SALE OF FOUR BATCHES OF POST-SMOLT IN 2023,
ACHIEVING
HEALTHY PRICES AND BEING ON TRACK FOR DELIVERING IN LINE WITH
EXPECTED REVENUE RANGE
    * EXPERIENCED SIGNIFICANT COST INFLATION IN ENERGY PRICES
DURING
2022, THUS SHORTENING COMPANY'S LIQUIDITY POSITION
    * IS IN SEVERAL TALKS WITH PARTNERS, POTENTIAL FINANCING
PROVIDERS
TO STRENGTHEN LIQUIDITY POSITION., FINANCE FURTHER GROWTH
    * WILL ACQUIRE LAND. PROPERTY FROM BIOFISH AQUAFARM AS FOR
NOK 13
MILLION

Source text for Eikon:  ID:nObi4t87ta 
Further company coverage:  BFISH.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))