Salmon Evolution - Q3 2020 results
Highlights · Construction of Phase 1 at Indre Harøy progressing according to plan. Contractual target price formalized at NOK 1.3 billion · Secured financing through pre-IPO private placement of NOK 500 million, direct equity investment of NOK 50 million and debt financing of NOK 40 million for land acquisition at Indre Harøy · Available cash of NOK 709 million (NOK 3,23 per share) as of 30. September · Signed term sheet with Dongwon Industries in South Korea - one of the world’s leading seafood companies - for a potential joint venture for international expansion and sales &