By Devika Patel
Knoxville, Tenn., May 8 - Marine Harvest ASA said it raised NOK 302.4 million in a private placement of shares.
The company sold 96 million shares at NOK 3.15 per share.
Proceeds will be used to finance the restructuring of the company's operations in Chile, improve the company's financial position and facilitate an agreement with the company's lenders to adjust the covenant structure of certain loan agreements.
Based in Oslo, Norway, Marine Harvest is an aquaculture company.
| Issuer: | Marine Harvest ASA
|
| Issue: | Stock
|
| Amount: | NOK 302.4 million
|
| Shares: | 96 million
|
| Price: | NOK 3.15
|
| Warrants: | No
|
| Settlement date: | May 8
|
| Stock symbol: | Oslo: MHG
|
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