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Wednesday, March 16, 2011

AgriMarine and Serpent River First Nation sign memorandum

AgriMarine Holdings Inc the leader in floating closed containment technology and production for sustainable aquaculture, and the Serpent River First Nation ("SRFN") are pleased to announce the signing of a Memorandum of Understanding for a Closed Containment Aquaculture Feasibility Study.

Under the terms of the MOU, the parties agree to investigate the feasibility of developing a closed containment fish rearing operation within the territory of the SRFN, near Cutler, Ontario, on the North Shore of Lake Huron. The MOU paves the way for a comprehensive technical, social and economic assessment using AgriMarine's proprietary closed containment aquaculture technology for the rearing of trout in SRFN territory, using environmentally sustainable practices.

Commenting on this agreement, Richard Buchanan, CEO of AgriMarine Holdings said, "The partnership with the SRFN is significant to AgriMarine as it is an integral part of our expansion strategy into Eastern Canada and produces seafood near urban communities. We are pleased to move forward with this project to further demonstrate that our unique technology can be applied in various aquatic environments with a minimal environmental footprint, while providing sustainable economic development to the region." Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.

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