StockMarketWire.com - Clean meat sector investor Agronomics said it had tipped €3m into a €15m financing round launched by Finish alternative protein producer Solar Foods.

The investment gave Agronomics a 5.35% equity interest in Solar Foods on a fully diluted basis.

Argonomics said it would fund the investment from its own resources, including a nil-interest unsecured six-month bridging facility of £1.9m provided by Jim Mellon.

Solar Foods developed a sustainable protein called Solein, which was a microorganism that grew utilising airborne carbon dioxide and hydrogen via the electrolysis of water.

The protein was natural and had already been shown to have a high level of versatility in existing foods including meat-free burgers, yoghurts and granola bars, Argonomics said.

'This overall offers a promising solution to disconnect global food production from animal-based agriculture,' it added.




At 1:57pm: [LON:ANIC] share price was 0p at 4.85p



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