Stad, 11. May 2022 – Statt Torsk ASA (STATT)
Statt Torsk ASA has entered into a NOK 10 million credit facility with Orinoco AS (affiliate of chairman Nicolas Brun-Lie), Medvode AS (affiliate of CEO Gustave Brun-Lie), Mami Holding AS (affiliate of board member Marianne Kveldstad), og T.D. Veen AS (affiliate of board member Øyvind Schanke).
The new facility will carry a total interest rate of 5.00% p.a. all inclusive. The facility may be cancelled at any time, by either party, whereupon the outstanding amount will become due and payable. The facility will be used to finance the group's working capital requirements, as well as general corporate purposes.
For more information; statt.no or contact:
Gustave Brun-Lie, CEO, gbl@statt.no
Bjug Borgund, CFO, bb@statt.no
About Statt Torsk AS
Statt Torsk ASA is listed on Euronext Growth with ticker STATT and with operations in Stad municipality. The company produces and sells farmed Atlantic cod. In 2016-2021, the company carried out three pilot productions to clarify whether commercial production was possible. The company is now in commercial production with currently two sites in Vanylvsfjorden.