Biotechnology Based Aquaculture Company

A World First Project

Categories Securities, Unissued Securities
Sale Type Asking Price
Price Guide AUD Target raising up to A$10.0M
Status: Open

Summary:

The Company is a world leader in producing bay lobster (Thenus spp.) in a clean, sustainable on shore environmentally controlled aquaculture production facility with minimal impact on the natural environment. The state-of-the-art commercial production facility located in New South Wales is a first for the global aquaculture industry. The facility is situated near the ocean for key inputs and road networks and airports are gateways into customer markets particularly in China and across Asia.

The Company is producing commercial quantities of bay lobster after 20 years of development of its internationally patented technology in rearing and growing the species. The Company’s mission is to be the world leader in biotechnology-based aquaculture, which through innovation, seeks to overcome the dramatic depletion of our natural fishery resources whilst delivering outstanding financial returns to their shareholders.

The Company is looking to raise up to A$10.0M to fund a project to build an approved seawater pipeline and for other expansion and additional working capital purposes.

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