Hagensborg Resources Ltd said it will receive a seven mln dlrs Canadian line of credit from the Bank of Novia Scotia to develop a salmon farming operation. The company said the funds will be used to complete construction of the land-based operation at Nanaimo in British Columbia. Details of the credit line are being finalized with the Bank of Novia Scotia with the financing to be fully guaranteed by Norway-based Den Norske Creditbank and the Norwegian Guarantee Institute for Export Credit it added.
HAGENSBORG RESOURCES <HGS.V> RAISES SEVEN MLN