Vancouver, British Columbia--(Newsfile Corp. - April 29, 2014) - AgriMarine Holdings (CSE: FSH) (Frankfurt: A2G) is one of the latest new listings on the Canadian Securities Exchange, and is trading under the symbol “FSH”. Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange.
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The Canadian-based company is in the business of rearing salmon and trout through its operating subsidiaries, in its proprietary solid-wall closed containment technology and related systems.
The company is currently rearing China’s first and only closed containment Chinook or King salmon from Canadian ova. Being classified as a domestic producer gives the company a competitive advantage, as its products are not subject to import tariffs, air freight charges or quarantine delay. The company is often able to ship to major cities within China, the world’s largest growth market for salmon, in just 48 hours from harvest.
AgriMarine recently completed the acquisition of West Coast Fishculture, which is the company’s flagship Steelhead salmon farm in British Columbia.The Steelhead are reared in the deep waters of Lois Lake, near the city of Powell River, where they are hand-fed with high-grade sustainable feeds that contain high levels of Omega-3 and Omega-6 fatty acids. The company plans to install its proprietary AgriMarine System™ rearing tanks, in order to focus on accelerated crop turnover, while demonstrating the performance benefits of its semi-closed containment technology.
Dundee Agricultural Corporation, a wholly owned subsidiary of Dundee Corporation, an insider of the company, recently loaned the company $5 million, for a 1 year period, thereby avoiding share dilution. The company intends to use these funds to expand its operations in Canada and China, and for general working capital.
For more information, please visit the company’s website, www.agrimarine.com or contact Alexia Helgason, Manager of Corporate Communications and Marketing at 604-568-4672 or email alexia@agrimarine.com.
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