News: CSS Clean Seas Seafood Announces Purchase Of A New Automated Feed Barge

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