Norwegian land-based salmon farmer Salmon Evolution has raised more capital in a private placement to back expansion plans and to fund the second phase of its Indre Haroy facility.

The company allocated 33,333,333 shares at a subscription price of NOK 9.00 (€0.94/$1) per share, raising gross proceeds of approximately NOK 300 million (€31.4 million/$34.2 million), according to a stock exchange announcement.

ABG Sundal Collier, DNB Markets, Nordea Bank and Pareto Securities were joint bookrunners in the deal.