West Coast Fishculture. (Photo: West Coast Fishculture)
(CANADA, 9/9/2013)
Canadian-based aquacultre tecnology firm AgriMarine announced that it has signed a non-binding term sheet with an established steelhead trout producer in British Columbia. The move is in line with the company´s decision to shift its strategy toward becoming a global producer of sustainable fin fish such as salmon and trout.
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.
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