Brief: Gigante Salmon Increases Size Of Private Placement To NOK 225 Million

Gigante Salmon AS

14/06/2024 07:54

June 14 (Reuters) - Gigante Salmon AS  GIGA.OL :
    * SAID ON THURSDAY DECIDED TO INCREASE SIZE OF PRIVATE
PLACEMENT
FROM NOK 200 MILLION TO NOK 225 MILLION IN GROSS PROCEEDS
THROUGH ALLOCATION OF 34.6 MLN NEW SHARES EACH AT PRICE PER
OFFER SHARE OF NOK 6.50 
    * TO USE NET PROCEEDS TO FUND COMPANY'S PROJECTED INVESTMENT
AND
WORKING CAPITAL NEEDS FOR CONSTRUCTION AND OPERATION OF
LANDBASED SALMON FARMING SITE ON LILLE INDRE ROSØY IN RØDØY
MUNICIPALITY
    * INTENDS TO CARRY OUT SUBSEQUENT OFFERING WITH
NON-TRADEABLE
SUBSCRIPTION RIGHTS OF UP TO 4.6 MLN NEW SHARES

        
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