VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 6, 2014) - AgriMarine Holdings Inc. (the "Company" or "AgriMarine") (CSE:FSH) (FRANKFURT:A2G) announces that it has completed the installation of its proprietary semi-closed containment tank technology at its Steelhead farm in Lois Lake, British Columbia. Four (4) AgriMarine System™ tanks have been installed and have been commissioned at the Company's West Coast Fishculture (Lois Lake) fish rearing facility. The Company announces that one (1) Version 1.2 and three (3) Version 2 tanks are now operational. Version 2 of the AgriMarine System™ features a more robust design, with enhanced structural strength and a more efficient pumping system. Sean Wilton, President and CEO of AgriMarine said, "At West Coast Fishculture, we are now utilizing the tanks to accelerate crop turnover and improve fish production. We have already seen significant advantages with regards to temperature management between the tanks and the nets". "With a more efficient pumping system, we have been able to increase access to deep water," remarked Robert Walker, President of AgriMarine Technologies Inc. He added, "We are witnessing significantly lower water temperatures in our tanks at Lois Lake, much closer to ideal conditions for salmon rearing than in the surrounding water. Being able to adjust and control in-tank temperatures is a key feature of our technology". The installation of Version 1.2 tank in Lois Lake marks the completion of the joint research and demonstration project (the "Middle Bay Project") with Middle Bay Sustainable Aquaculture Institute ("MBSAI"). AgriMarine is pleased to announce that it has fulfilled all its obligations pertaining to the Middle Bay Project and in connection therewith, MBSAI has withdrawn its demand letter in the amount of $2.9 million, as announced on July 29, 2013. About AgriMarine Holdings Inc.
Canadian-based AgriMarine is a producer of sustainable fin fish. The Company utilizes its proprietary, clean aquaculture technology to create an optimal fish rearing environment with economic and environmental benefits to meet the growing demands for healthy and sustainable food sources. The Company's mission is to build a global portfolio of fish farms utilizing its clean rearing technology. AgriMarine Industries Inc. operates the Company's Canadian and Chinese farming subsidiaries. Our flagship farm, West Coast Fishculture (Lois Lake) Ltd., is the premier supplier of Steelhead salmon in British Columbia and its premium OceanWise™ Lois Lake Steelhead is one of the leading brands of fin fish featured in top restaurants across the province. AgriMarine is a portfolio company of Dundee Agricultural Corporation, a subsidiary of Dundee Corporation. Forward-Looking Information
Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION. Contact Information


AgriMarine Completes Installation of its New Tank Design

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 9, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or "AgriMarine") is pleased to announce that it has completed the arm's length transaction announced November 28, 2013 to acquire all of the issued and outstanding shares of West Coast Fishculture (Lois Lake) Ltd. and West Coast Fishculture Ltd. (collectively, "WCFC") for cash consideration of $5.2 million (the "Acquisition"), subject to certain agreed adjustments, including post-closing biomass inventory reconciliation. The Company received final approval from the TSX Venture Exchange with respect to the Acquisition and all closing conditions have now been satisfied. For additional details regarding the Acquisition, please refer to the Company's news release dated November 28, 2013 and the material change report dated December 3, 2013, copies of which are available under the Company's SEDAR profile at www.sedar.com . About AgriMarine Holdings Inc.
Canadian-based AgriMarine is a producer of sustainable fin fish. The Company utilizes its proprietary, clean aquaculture technology to create an optimal fish rearing environment with economic and environmental benefits to meet the growing demands for healthy and sustainable food sources. The Company's mission is to build a global portfolio of fish farms utilizing its clean rearing technology. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information
Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION. Contact Information


AgriMarine Completes Acquisition of West Coast Fishculture

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Further to its news release dated September 6, 2013, AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or "AgriMarine") is pleased to announce that its subsidiary, AgriMarine Industries Inc., has executed a definitive Share Purchase Agreement (the "Agreement") with the shareholders of West Coast Fishculture (Lois Lake) Ltd. and West Coast Fishculture Ltd. (collectively, "WCFC"), a British Columbia-based steelhead producer, for the acquisition of all the issued and outstanding shares of WCFC (the "Acquisition"). The cash purchase price for the Acquisition is CAD $5.2 Million dollars, subject to post-closing adjustments related to the calculation of WCFC's biological inventory and other items. WCFC is a private company incorporated under the laws of British Columbia whose assets include fish inventory, hatchery, and farm infrastructure in Lois Lake, near the city of Powell River, British Columbia. The founding WCFC management team will continue to operate the farm. WCFC is the premier supplier of steelhead trout in the province and its premium Stillwater Steelhead brand is recognized for its quality and sustainability, and is sold throughout North America. A longtime proponent of improving fish farming techniques, WCFC developed one of the first commercial recirculation hatcheries in B.C during the mid-1990's. WCFC is committed to offering sustainable fish products that adhere to best practices, as is AgriMarine. The Acquisition is an arm's-length transaction. No finder's fees have been paid in connection with the Acquisition. The closing date of the Acquisition is subject to customary conditions and receipt of all necessary regulatory approvals by the TSX Venture Exchange. There can be no assurance that the Acquisition will be completed as proposed or at all. Separately, the Company advises that it has permanently shut down its research and demonstration site at Middle Bay, Campbell River. The WCFC site will become the Company's flagship production site. "We are enthusiastic about the acquisition of WCFC and the strategic opportunity it represents as we focus on becoming a global producer of sustainable fin fish," commented Mr. Sean Wilton, President and CEO of AgriMarine. "Our plan is to install our proprietary AgriMarine System™ rearing tanks at WCFC, where we will focus on accelerated crop turnover and demonstrate the performance benefits of our closed containment technology. " Mr. Wilton added, "We believe that WCFC's established steelhead operation, fish inventory, hatchery, and skilled manpower, combined with AgriMarine's technology, will provide a strong head start to scale up fish production in British Columbia. "
About West Coast Fishculture (Lois Lake) Ltd. Recognized for sustainability, and family owned and operated since 1973, West Coast Fishculture (Lois Lake) Ltd. conforms to United Nations Food and Agriculture Organization's Code of Conduct for Responsible Fisheries. WCFC's product, Stillwater Steelhead is Ocean Wise™ recommended. About AgriMarine Holdings Inc.
Canadian-based AgriMarine is a producer of sustainable fin fish. The Company utilizes its proprietary, clean aquaculture technology to create an optimal fish rearing environment with economic and environmental benefits to meet the growing demands for healthy and sustainable food sources. The Company's mission is to build a global portfolio of fish farms utilizing its clean rearing technology. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information
Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION. Contact Information


AgriMarine Signs Share Purchase Agreement for Transaction with West Coast Fishculture

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 6, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or "AgriMarine") is pleased to announce that it has shifted the Company's strategy toward becoming a global producer of sustainable fin fish such as salmon and trout. To this end, AgriMarine announces that it has signed a non-binding term sheet ("Term Sheet') with an established steelhead trout producer in British Columbia. Under the terms and conditions of the Term Sheet, AgriMarine Industries Inc., a subsidiary of AgriMarine Holdings Inc., would acquire all of the outstanding shares of West Coast Fishculture (Lois Lake) Ltd. and West Coast Fishculture Ltd. (jointly referred as "WCFC") for cash. The Term Sheet is subject to the successful execution of a Definitive Purchase and Sale Agreement, approvals by the TSX Venture Exchange, and other customary terms and conditions, such as satisfactory due diligence with respect to WCFC, including a valuation report, and the approvals from the Board of Directors from both companies. The acquisition price will remain undisclosed for the time being, as it will depend on a yet-to-be-completed count of the biological inventory upon closing of the transaction. AgriMarine also announces that Mr. Robert Leckie has replaced Mr. Orest Zajcew as Chair of the Audit Committee. Mr. Zajcew remains a Member of the Audit Committee however, and he retains his position as the Company's Interim Chief Financial Officer. About West Coast Fishculture (Lois Lake) Ltd.
WCFC is a British Columbia-based, privately-held steelhead trout farm operation. Established in 1988, its management team and other employees have succeeded in building up a brand name that is recognized for quality and sustainability. WCFC conforms to United Nations Food and Agriculture Organization's Code of Conduct for Responsible Fisheries and its Stillwater Steelhead brand is Ocean Wise™ recommended. About AgriMarine Holdings Inc.
Canadian-based AgriMarine has developed a proprietary aquaculture technology that facilitates the farming of fish in a more productive and environmentally friendly manner. The Company's mission is now to build a global portfolio of fin fish farms that produce "clean" (hormone and pesticide-free) seafood products such as salmon and trout. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information
Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION. Contact Information


AgriMarine Signs a Term Sheet to Acquire West Coast Fishculture

Acquired

West Coast Fishculture (WCFC) is a British Columbia-based, privately-held steelhead trout farm operation. Established in 1988, its management team and other employees have succeeded in building up a brand name that is recognized for quality and sustainability. WCFC conforms to United Nations Food and Agriculture Organization's Code of Conduct for Responsible Fisheries and its Stillwater Steelhead brand is Ocean Wise recommended.

Wells Fargo Success Story

Professional Services

Platform Overview

West Coast Fishculture

Compete with West Coast Fishculture?

Compete with West Coast Fishculture?

Discover the right solution for your team