AgriMarine Holdings Inc. (the “Company” or “AgriMarine”) is pleased to announce that, pursuant to the Company’s Annual General and Special Meeting of Shareholders held on April 26, 2013 (the “Meeting”), the shareholders approved all resolutions put forward by management and the Board of Directors.
At the Meeting shareholders approved an ordinary resolution, as disclosed in the Information Circular mailed to shareholders in advance of the Meeting, to alter the share capital of the Company by way of the proposed consolidation (the “Consolidation”) of all the issued and outstanding common shares of the Company on the basis of one post-Consolidation common share of the Company for up to 15 pre-Consolidation common shares of the Company.
The Consolidation remains subject to the prior approval by the TSX Venture Exchange (the “Exchange”), which the Board of Directors of the Company intends to seek promptly.
As of April 26, 2013, a total of 108,257,197 common shares in the capital of the Company were issued and outstanding and, accordingly, a total of not less than 7,217,146 common shares of the Company would be issued and outstanding following the completion of the maximum Consolidation ratio as approved at the Meeting.
The Company does not intend to change its name in connection with the Consolidation. AgriMarine’s common shares will continue to trade on the TSX Venture Exchange under its current symbol, “FSH”.Print This Post