The total private placement is subject to approval by Lighthouse Caledonia shareholders through an Extraordinary General Meeting. Cermaq ASA has been allocated shares in the private placement by Lighthouse Caledonia ASA.
Cermaq has made an offer to subscribe for NOK 25 million out of a total private placement share issue of NOK 150 million offered by Lighthouse Caledonia ASA. The total private placement is subject to approval by Lighthouse Caledonia shareholders through an Extraordinary General Meeting.
Additionally, EWOS UK will supply Lighthouse Caledonia ASA through a new feed contract which will take effect from end of March 2009. EWOS will supply a proportion of the total feed requirements through the remainder of 2009 and supply 70 per cent of requirements from the start of 2010. The feed contract is on market terms and credit terms will be 30 days.
Cermaq Invest in Lighthouse Caledonia
SCOTLAND, UK - Cermaq has made an offer to subscribe for NOK 25 million out of a total private placement share issue of NOK 150 million offered by Lighthouse Caledonia ASA.
