OSLO: The land-based salmon farming company Salmon Evolution has today been admitted to trading on Merkur Market (ticker code: SALME-ME).
Salmon Evolution is a land-based salmon farming company with its first production facility under construction on Indre Harøy, Norway.
Salmon Evolution recently raised NOK 500 million through a private placement. “The private placement attracted very strong interest from Norwegian, Nordic and international high-quality institutional investors and was more than nine times oversubscribed excluding shares pre-allocated to cornerstone investors,” the company announced.
The net proceeds from the placement will be used to partly fund the first construction phase of the company’s land-based salmon farming facility at Indre Harøy, further develop the project and for general corporate purposes.
About Salmon Evolution Salmon Evolution Holding is a land-based salmon farming company with its first production facility under construction on Indre Harøy, Norway. Salmon Evolution Holding emphasizes rational operation, fish welfare and minimal impact on the environment. With use of significant amounts of fresh seawater, the company creates optimum production and environmental conditions, improved growth and a shorter production time.