Oslo Børs: Norcod admitted to trading

Oslo, 15 October 2020 – The cod farming company Norcod has today been admitted to trading on Merkur Market (ticker code: NCOD-ME).

Norcod is a producer of farmed cod. “With wild fish stock under pressure and fishing quotas for cod being cut, Norcod aims to fill the gap in the market and provide sustainable fresh cod,” explains the company.

Recently, the company raised NOK 250 million through a private placement. The placement attracted very strong interest from Norwegian and international investors, and was multiple times oversubscribed.

Norcod intends to use the net proceeds from the placement to support a significant production growth, reported Norcod.