Miami, 28 May 2019
Reference is made to the stock exchange release from Atlantic Sapphire AS (the "Company") published on 8 May 2019 regarding completion of a private placement with gross proceeds of approximately NOK 783 million (the "Private Placement").
The share capital increase pertaining to the Private Placement has now been registered in the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 7,127,610.00 divided by 71,276,100 shares, each with a par value of NOK 0.10.
For further information, please contact:
Johan E. Andreassen
Chairman & CEO, Atlantic Sapphire AS;
or Karl Øystein Øyehaug
Finance Director, Atlantic Sapphire AS
investorrelations@atlanticsapphire.com
About Atlantic Sapphire AS
Atlantic Sapphire is pioneering BluehouseTM (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Langsand, Denmark since 2011 with a strong focus on R&D and innovation to equip the company with technology and procedures that enables the company to commercially scale up production in end markets close to the consumer.
In the US, the company has since 2010 worked to identify and permit the ideal location for BluehouseTM farming in Miami, Florida. The company is well underway with construction of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually, beginning in Q3, 2020. The company has also secured the key US water permits to produce up to 90,000 tons onsite, annually.