Land-based farmer Gigante Salmon seeks another $18.4 million in private placement

Last week, the company secured a long-term leasing arrangement for up to $9.2 million to help cover the extra construction costs at its farm in Rodoy.

Gigante said the net proceeds will be used to fund the company’s projected investment and working capital needs for the construction and operation of the land-based salmon farming site on Lille Indre Rosoy, in Norway.. — Gigante said the net proceeds will be used to fund the company’s projected investment and working capital needs for the construction and operation of the land-based salmon farming site on Lille Indre Rosoy, in Norway..Photo: Gigante Salmon

Dominic Welling

Published 11 October 2023, 15:20Updated 11 October 2023, 20:56

Land-based aquaculture Land-based salmon Farmed salmon Gigante Salmon Norway