Australis Aquaculture today announced it received an additional $1 million loan to be used primarily for working capital purposes.
The funds, from WM Capital, will be consolidated with the two loan notes issues in September and October, bringing Australis’ total loans to $2.75 million.
Australis is continuing its efforts to secure additional financing that will allow it to continue expanding its aquaculture and contract production operations in Vietnam and to service its retail and foodservice customers in the United States.
