Proximar Seafood, the Per Grieg-backed Norwegian company behind Japan's first land-based Atlantic salmon farm, announced a convertible bond issue of up to NOK 250 million (€24 million/$23.8 million) on Thursday, as it looks to shore up financing for the 5,300-metric-ton project.
The group said that as of Sept. 1, approximately 67 percent of the construction has been completed at the site near to Mount Fuji, and it is progressing towards the first egg inlays in October and first harvest in the middle of 2024.
