Proximar shareholders approve convertible bonds to fund salmon RAS in Japan

A rendering of Proximar's planned salmon recirculating aquaculture system facility in Japan.

Proximar Seafood shareholders have approved a resolution to issue a convertible bond worth between NOK 150 million and NOK 250 million (USD 14.2 million and USD 23.8 million, EUR 14.4 million and EUR 24.1 million).

The funds will enable the company to begin its production phase and partly secure its further funding needs for its planned recirculating aquaculture system (RAS) facility near Japan's Mount Fuji,  according to Proximar. Proximar’s three largest shareholders …

Photo courtesy of Proximar

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