New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has provided an announcement.
New Zealand Coastal Seafoods Limited has secured a $400,000 investment through Convertible Note subscriptions from Ilwella Pty Ltd and Offelbar Pty Ltd, linked to the Flannery Family Office. This funding will enhance the company’s financial position and support its strategic initiatives, particularly in developing strategic fishing licenses. The investment reflects confidence in NZS’s growth strategy and commitment to sustainable fishing practices, potentially strengthening its market position and benefiting stakeholders.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited (ASX: NZS) is a processor, distributor, and exporter of premium seafood products, as well as a secondary producer of nutraceutical and marine ingredients. The company operates in Australia through Nine Ocean Fishery Pty Ltd, focusing on responsibly sourced seafood from the Torres Strait and the Coral Sea. It manages export-standard processing facilities in Queensland and emphasizes sustainable practices, ensuring minimal impact on wild fish populations and ecosystems.
Current Market Cap: A$3.33M
For detailed information about NZS stock, go to TipRanks’ Stock Analysis page.