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Atlantic Sapphire placement raises $121m

The placement, which was oversubscribed, will be used to partly finance 'phase two' construction -- anticipated to commence in Q2 2021 -- and to accelerate further expansion

By Undercurrent News | June 4, 2021 09:52 BST
Former CTO Thue Holm (at right) with Atlantic Sapphire co-founder and CEO Johan Andreassen. Photo courtesy of Atlantic Sapphire
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Atlantic Sapphire (AS) has successfully raised NOK 1.016 billion ($121 million) through the private placement of 10.3m new shares at a price of NOK 98.60 per share. [...]

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