April 12 (Reuters) - Clean Seas Seafood Ltd (CSS) :
- PURCHASE OF A NEW AUTOMATED FEED BARGE
- NEW AUTOMATED FEED BARGE IS EXPECTED TO BE DELIVERED IN EARLY 2024 AND FULLY OPERATIONAL BY END OF JUNE 2024
- WILL UTILISE PART OF ITS A$14.0 MILLION UNDRAWN SENIOR DEBT FACILITY TO FUND PURCHASE
- DEPLOYMENT OF NEW FEED BARGE WILL ALLOW FEED TO BE DISPENSED REMOTELY TO ARNO BAY FARM SITE REGARDLESS OF WEATHER
- COMPLETED NEW AUTOMATED FEED BARGE, PLUS SEPARATELY CONTRACTED FEED DELIVERY HARDWARE, AMONG OTHERS WILL COST A$5.7 MILLION IN TOTAL
- ONCE DEPLOYED IN MID-2024 EXPECTS NEW AUTOMATED FEED BARGE TO DELIVER LOWER COST OF PRODUCTION AND OPERATIONAL STABILITY
News: CSS Clean Seas Seafood Announces Purchase Of A New Automated Feed Barge
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