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New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has issued an announcement.
New Zealand Coastal Seafoods Limited has secured a $50,000 investment through a Convertible Note subscription from RiverFort Global Capital Ltd. This investment strengthens the company’s financial position, enabling it to accelerate strategic initiatives and underscores investor confidence in its sustainable fishing practices. The funds will provide additional working capital, and the introduction of an international fund manager highlights the value of the company’s strategic fishing licenses.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited (ASX: NZS) is a processor, distributor, and exporter of premium seafood products, as well as a secondary producer of nutraceutical and marine ingredients. Based in Australia, the company operates through Nine Ocean Fishery Pty Ltd, focusing on responsible sourcing from the Torres Strait and Coral Sea. The company emphasizes sustainable management practices, ensuring minimal environmental impact, and serves a wide customer base both domestically and internationally.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.33M
For a thorough assessment of NZS stock, go to TipRanks’ Stock Analysis page.