Bodø, Norway, 22 March 2023
Gigante Salmon Rødøy AS has begun drawing on the long-term construction loan
provided by Sparebank1 Nord-Norge. The NOK 204 million loan was granted on 21
Feb 2022 and is guaranteed by Eksfin.
Financing for construction of the Rødøy facility comes from the NOK 222 million
Gigante Salmon Rødøy AS raised ahead of its 2021 IPO, the Sparebank1 Nord-Norge
construction loan, a leasing agreement in the amount of NOK 40 million related
to the residential and work fleet, as well as NOK 65 million in previously
contributed equity.
Progress on the Rødøy facility is moving forward according to plan, and
production is expected to begin in September. Production will start as soon as
the first basin is complete, as indicated in our timeline. Work on the other two
basins will continue alongside production activities and is due to be completed
in mid-2024.
Limiting production to a single basin initially will provide us with valuable
insight and experience with the finalisation of construction.
For more information, please contact:
Helge E W Albertsen, CEO
Telephone: +47 480 47 613
E-mail: helge@gigantesalmon.no
Kristian Lorentsen, acting CFO
Telephone: +47 979 51 239
E-mail: kristian@gigante.no
About Giant Salmon
Gigante Salmon is a salmon-farming firm that is seeking to begin land-based
operations on the islet of Lille Indre Rosøy in Rødøy in the Helgeland district
of central Norway. Our salmon-farming concept is based on a flow-through system
that combines the advantages of conventional and land-based operations.
Visit www.gigantesalmon.no for more information.