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Canada : AgriMarine Announces Loans of $3.48 Million from Dundee Agricultural Corp

August 12, 2014

AgriMarine Holdings Inc. (the Company or AgriMarine ) is pleased to announce that it has accepted loans advanced from Dundee Agricultural Corporation (the Lender ) totaling, in aggregate, $3,480,000 (the Loans ).

The Loans will bear interest at a rate of 12.68% per annum, will mature one year from the date of issue and are secured by all of the assets of the Company and that of its subsidiaries. No finder s fees were paid in connection with the Loans.

The funds from the Loans will be used for the expansion of operations at its fish production facilities in Canada and China and for general working capital.

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Source: TendersInfo (India)

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