Atlantic Sapphire Secures Funding for Expansion

Atlantic Sapphire (AASZF) has released an update.

Atlantic Sapphire ASA has approved a convertible loan raise, with commitments from Condire Management L.P. and Nordlaks Holding AS, to fund its pioneering Bluehouse® salmon farming operations in Florida. The final loan amounts will be determined by the Board following the current Rights Issue’s subscription period. The company, which completed its first US commercial harvest in 2020, is expanding its capacity to meet a long-term goal of 220,000 tons annually.

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