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News: AS1 Angel Seafood Holdings Restructures Bank Facilities

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    12/11/19
    17:25
    Post #: 41383675

    Nov 12 (Reuters) - Angel Seafood Holdings Ltd (AS1) :

    • INCREASED ITS BUSINESS EXPANSION LOAN WITH NATIONAL AUSTRALIA BANK FROM $2 MILLION TO $3 MILLION; EXTENDED IT TO 31 OCT 2022
    • CO ALSO BEEN PRE-APPROVED FOR A FURTHER $1 MILLION IN ASSET FINANCE FACILITIES
    • WATER TEMPERATURES AND FOOD/NUTRIENT LEVELS ARE TRENDING BACK TO NORMAL LEVELS IN COWELL AND COFFIN BAY
    • STOCK LEVELS CONTINUE TO REMAIN HEALTHY ACROSS FARMS
    • IN COWELL AND COFFIN BAY, GROWTH RATES AND STOCK CONDITIONING ARE IMPROVING
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