AgriMarine Holdings Inc. (the "Company" or "AgriMarine") (TSX VENTURE:FSH) (FRANKFURT:A2G) (OTCQX:AGMHF) announces that further to its press release dated April 29, 2013, it has completed the consolidation of its common shares on the basis on one (1) "new" common share for fifteen (15) "old" common shares (the "Consolidation") as approved by shareholders at the Company's Annual General and Special Meeting held on April 26, 2013.
Effective Monday, May 27, 2013, the common shares of the Company will commence trading on the TSX Venture Exchange under the current stock symbol "FSH" on a consolidated basis. The new CUSIP/ISIN numbers are 00855M404 and CA00855M4048, respectively.
Prior to Consolidation the following securities were issued and outstanding:
- 108,257,197 common shares with no par value
- 19,807,512 non-listed warrants
- 3,290,000 share purchase options
The Consolidation will affect all shareholders uniformly. No fractional shares will be issued under the Consolidation and any fraction will be rounded to the nearest whole number. Following Consolidation and subject to rounding, AgriMarine will have 7,217,146 common shares issued and outstanding.
All outstanding options and warrants of the Company will be adjusted accordingly to reflect the Consolidation. The existing warrant certificates will continue to represent the warrants, as adjusted, and no action is required by warrant holders.
Letters of transmittal with respect to the Consolidation will be mailed out to all registered shareholders by Computershare Trust Company of Canada ("Computershare"), the Company's transfer agent. The letter of transmittal describes the process by which shareholders may obtain new certificates representing their consolidated common shares and all registered shareholders of the Company will be required to send their certificates representing pre-consolidation Common shares with a properly executed letter of transmittal to Computershare, in accordance with the instructions provided in the letter of transmittal.
Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal.
About AgriMarine Holdings Inc.
Canadian-based AgriMarine has developed innovative aquaculture technology for farming salmon, trout and other high value fin fish species in closed containment. The Company utilizes its solid-walled floating tanks to address sustainability issues in aquaculture, to create an optimal fish rearing environment with added economic and environmental benefits and to meet consumer and retailer demands for sustainable fin fish products. The AgriMarine System™ can be applied in warm or cold climate conditions, in oceans, reservoirs and lakes.