AgriMarine Holdings Inc AGMHF

private placement news

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https://secure.globeadvisor.com/servlet/ArticleNews/story/CNW/20120309/C3320

AGRIMARINE HOLDINGS INC. ("FSH")

BULLETIN TYPE: Private Placement-Non-Brokered

BULLETIN DATE: March 9, 2012

TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced February 24, 2012:

Number of Shares:	23,525,000 shares
Purchase Price:	.20per share
Warrants:	11,762,500 share purchase warrants to purchase 11,762,500 shares
Warrant Exercise Price:	.30for a two year period
Number of Placees:	9 placees
Insider / Pro Group Participation:
Name	Insider=Y / ProGroup=P /	# of Shares
Jeffrey WilliamFallows	P	75,000
Scott E. Lamacraft	P	5,000,000
Roger Poirier	P	200,000
Dundee Corporation	Y/P	15,000,000
Finders' Fees:	Cormark Securities - $89,600and 448,000 Finder's Warrants that are exercisable into common shares at .20per share for a 12 month period.
	AlphaEdge Inc. (Lawrence Casse) - $17,500and 87,500 Finder's Warrants that are exercisable into common shares at .20per share for a 12 month period.
	Bellotti Goodman Capital Inc. - $210,000and 1,050,000 Finder's Warrants that are exercisable into common shares at .20per share for a 12 month period.
	Janet MacKay - $5,250
	Aran Asset Management S.A. - $7,000

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]

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