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Codfarmers ASA Sells 78,047 New Shares

Cod Economics +3 more

NORWAY - Norwegian aquaculture company Codfarmers ASA said Monday a total 78,047 shares were sold in its rights issue.

In July 2009, Codfarmers sold 10 million new shares, priced NOK4 apiece in a private placement, which was to be followed by a rights issue of up to two million shares at the same subscription price.

The rights offering was targeted at shareholders who could not participate in the private placement.