Murray Cod Australia raises A$17M for production growth

Murray Cod Australia raises A$17M for production growth

Murray Cod Australia (ASX:MCA) has secured A$17 million in firm commitments from an institutional placement to fund expanded production capacity and accelerate its growth strategy. The capital raise consists of approximately 17.9 million new shares issued at A$0.95 each, an 8.7% discount to the last closing price on September 24. "The funds raised will be instrumental in accelerating Murray Cod Australia's growth strategy," said Non-Executive Chairman Brett Paton, enabling investment in production capacity and sustainable farming technologies. Proceeds are earmarked for the completion of the Stanbridge development, construction of 24 new ponds, processing plant upgrades, and strengthening sales and marketing capabilities. The company stated the funding will support its FY26 sales inflection point and underpin future growth by expanding production and developing in-house marketing and sales teams.

The capital raise consists of approximately 17.9 million new shares issued at A$0.95 each, an 8.7% discount to the last closing price on September 24.

"The funds raised will be instrumental in accelerating Murray Cod Australia's growth strategy," said Non-Executive Chairman Brett Paton, enabling investment in production capacity and sustainable farming technologies.

Proceeds are earmarked for the completion of the Stanbridge development, construction of 24 new ponds, processing plant upgrades, and strengthening sales and marketing capabilities.

The company stated the funding will support its FY26 sales inflection point and underpin future growth by expanding production and developing in-house marketing and sales teams.