Norwegian cod farmer Norcod is attempting to raise up to NOK 16 million (€1.3 million/$1.4 million) in a share offering to help fund ambitious expansion plans, a move that follows hot on the heels of a much larger private placement.

The company said on Friday it was offering up to 1.33 million new shares at NOK 12 (€1.05/$1.14) per share, the same price offered in a private placement last month that raised a total of NOK 170 million (€16.6 million/$15.7