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An announcement from Gigante Salmon AS ( (DE:96M) ) is now available.
Gigante Salmon AS, a land-based salmon farming company developing an innovative flow-through aquaculture facility in Rødøy, Norway, is positioning itself to address environmental and operational drawbacks associated with conventional sea-based salmon farming. By focusing on land-based production, the company targets more controlled growing conditions and potentially lower biological risk.
The company has completed a share capital increase following a recently executed private placement and retail share offer, bringing its registered share capital to NOK 214,263,594 divided into an equal number of shares, each carrying one vote. The registration of the capital increase with the Norwegian Register of Business Enterprises strengthens Gigante Salmon’s capital base and underpins its ongoing development plans as a listed company on Euronext Growth Oslo, with implications for funding its first production facility and future growth.
More about Gigante Salmon AS
Gigante Salmon AS is a Norwegian land-based salmon farming company currently building its first production facility on Lille Indre Rosøy in Rødøy, Norway. Its aquaculture concept uses a flow-through system that aims to combine the advantages of conventional sea-based farming and land-based operations while mitigating key challenges of traditional marine salmon farming.
Average Trading Volume: 87,477
Current Market Cap: NOK1.43B
Learn more about 96M stock on TipRanks’ Stock Analysis page.