Andfjord Salmon, the land-based salmon farmer listed on Oslo Stock Exchange's Euronext Growth, successfully raised NOK 88.2 million (€8.2 million/$10 million) in a private placement on Dec. 2.
The company allocated 2.1 million new shares at a subscription price of NOK 42 (€3.95/$4.76) per share.
Andfjord Salmon will use the proceeds to fast-track phase two of its Kvalnes project expediting planned investments in blasting and excavation by six months.
