AgriMarine Holdings Receives Proposal to Privatize

AgriMarine Holdings Inc. (the “Company” or “AgriMarine”) announces that its board of directors (the “Board”) received an unsolicited non-binding proposal from Dundee Agricultural Corporation (“DAC”) to take the Company private (the “Privatization Proposal”). The privatization is proposed to be effected by way of an amalgamation. DAC and its parent company, Dundee Corporation, owns, or has control or direction over, 103,709,086 common shares, representing approximately 94.53% of the Company’s 109,707,900 common shares issued and …

March 12, 2015

AgriMarine Appoints Mr. Samuel Ingram to its Board of Directors

AgriMarine Holdings Inc. (the “Company” or “AgriMarine”) is pleased to announce the appointment of Mr. Samuel William Ingram, Q.C. as an independent, non-executive director, effective today. Mr. Ingram has compiled a substantial track record with over 35years of management experience in senior legal, corporate and business matters, mainly in the energy sector. Mr. Ingram serves as President and Director of Durango Oils Ltd., a private oil and gas investment company. He has also served as …

March 03, 2015

AgriMarine Announces Credit Facility of $5 Million with Dundee Agricultural Corp.

AgriMarine Holdings Inc., (the “Company” or “AgriMarine”) is pleased to announce that it has entered into an agreement for a draw down credit facility from Dundee Agricultural Corporation (the “Lender”) in the amount of up to $5,000,000 (the “Facility”). Funds drawn will bear interest at a rate of 12.68% per annum calculated pro rata as to the date of such advance. The Facility will mature one year from the date of issue and is secured …

January 28, 2015