Issuu on Google+

Corporate Brochure

Thinking Outside the Net

AgriMarine Holdings Inc. is a Canadian public company engaged in the development, commercialization and licensing of fish culture technology for rearing Salmon, Trout, and other high value finfish, leading to lower operating cost and better control over growth.


Table of Contents Page 1 Page 2

Page 3 Page 4 Page 5

Page 6 Page 7 Page 8 Page 9

Why We Need Aquaculture

The Aquaculture Industry Today

Current Problems Facing the Industry Sustainable Aquaculture

Closed Containment Aquaculture - The Solution The AgriMarine SystemTM - Overview The AgriMarine SystemTM - Benefits The AgriMarine SystemTM - Design Clean Technology

Page 10 Fish Health Page 11 Page 12 Page 13 Page 14 Page 15

Page 16 Page 17

Page 18-19 Page 20

Disease and Parasites

AgriMarine’s Salmon & Trout Farm in Benxi, China The Farming Process

AgriMarine’s Salmon Rearing Facility in Campbell River, BC Research and Development Projects -

Yellow Croaker in China and Blue Fin Tuna in Japan

Scientific Advisory Community - Vaccines and Fishmeal Research Financial Outlook - Technology Licensing and Capital Costs Operating Costs and Cost Benefits

Company Outlook - Message from Richard Buchanan, CEO

Page 21 Corporate Information

Over one billion people rely on fish as their primary source of animal protein Never before have our oceans been harvested to the levels that we are witnessing today. The Food and Agriculture Organization of the United Nations reports that wild fish stocks are depleting at an alarming rate: 84% of global fish stocks are either fully exploited, overexploited or depleted. More than half of all tuna species are facing extinction; at least 82 species of North American fish and 43 species of fish in the Mediterranean Sea also face the same risk – and overfishing is the main contributing factor. Compounding this problem is the fact that our world’s population continues to grow while wild capture fisheries have plateaued since the 1990s. With global seafood consumption rising (global seafood consumption has risen from 22 lbs per person per year in the 1960s to nearly 38 lbs today), aquaculture is the only alternative to sustain global food demands.

Global aquaculture production has increased from less than 1 million tonnes in 1950 to 52.2 million tonnes in 2008. Aquaculture is the fastest growing form of food production – about half of the seafood consumed around the world is farmed1

Aquaculture is filling the gap and overtaking capture fisheries Total Aquaculture Production

Aquaculture and Capture Supply 68.3

(Tonnes millions)


930% Increase

41.7 31.2








16.8 11.4 7.3












1. Source: Food and Agriculture Organization of the United Nations, The State of World Fisheries and Aquaculture 2010



1990 Aquaculture





Captured (Wild)





The aquaculture industry has been growing at a rate of close to 10% per year since 1970 and now accounts for 43% of the world’s fish production. What is lagging is growth in environmentally sustainable technologies. AgriMarine is at the forefront of solid-wall closed containment solutions. No other company is developing the same technology.

Since almost half of global seafood is now supplied by aquaculture, it is no longer a question of whether to embrace aquaculture but how to

do it in an environmentally responsible manner, without causing damage to the surrounding ecosystem. Salmon farming is most commonly conducted in open-net, ocean-based pens. Salmon farming nations such as Canada, Norway, Chile, the Faroes, Ireland, and Scotland have all experienced problems with fish escapes, lice infestations, and sea-floor pollution from fish farm waste. One solution to these issues is to move the industry into closed containment. In a conventional net cage fish farm, ocean water quality is not always consistent or optimal for fish growth and there is no solid barrier to separate the wild fish from the farmed. Wastes - uneaten feed and excrement – sink to the bottom of the seabed and can lead to the pollution of the surrounding environment. Because of a lack of barrier, predators become persistent in seeking ways to attack the fish, often breaking nets and letting entire crops of fish to escape. Escaped fish then compete for food and for spawning grounds with indigenous species. Without a barrier, toxic plankton can also drift into the pens, often killing entire crops. Wild fish, drawn by uneaten feed, drift in and out of the nets which may increase the risks of disease transfer either from the wild fish to the farmedor vice versa.


Photo: open net cage farming

Fish Waste

Sea Lice


Current problems facing the industry worldwide: •

Pollution by concentrated fish waste (feces, uneaten feed, dead fish, pesticides)

No solid barrier to prevent escapes, entire crops at risk

Escapes of farmed fish raising costs

Escapes causing conflicts with wild habitats

Predation and marine mammal conflicts

Disease, sea lice transfer and parasite infestation

Poor water quality and algae impacts

Inefficient feed system

Continuous replacement of nets; nets are treated with copper-based antifoulants which can be toxic


Sustainable seafood means that a species is fished using techniques that will ensure the health and availability of supply for generations to come. Consumers and environmental groups are now demanding that producers and retailers take action to deliver sustainable seafood choices.

Several major supermarket chains around the globe have responded to consumer pressure by publicly announcing their commitment toward sustainable seafood policies. Seafood labeling, certification, traceability, redlisting are all new buzz words in this movement. Retailers are now pledging to source seafood from more sustainable alternatives, in particularly salmon. The movement towards closed containment aquaculture is gaining momentum in many fish farming communities worldwide as a way to mitigate environmental concerns.

Farming fish, in a sustainable manner AgriMarine is the only company that offers a solid-wall closed containment environmental solution for rearing salmon and other finfish that meets global stakeholders’ demands for sustainable supplies.

AgriMarine has developed solid-wall containment technology and a superior farm management system that has the ability to expand growth in the finfish aquaculture industry in an environmentally sustainable manner.


Photo credit: Damien Gillis

Closed Containment Aquaculture – the Solution A consistent, optimal rearing environment can be provided by land-based recirculating aquaculture systems, also called RAS systems. These

facilities include screens to remove waste solids, biological filters to consume dissolved wastes, ultraviolet lights to kill viruses and harmful bacteria, and gas exchangers to remove carbon dioxide and add oxygen. In short, RAS systems consistently provide a man-made equivalent to all the beneficial services provided by nature in the wild environment, but without the plankton, predators and diseases. However, these services come at a steep cost, as land-based RAS systems are expensive to build, have high energy operating expenses and lack the scalability to compete with net cage farming operations.

AgriMarine’s design solution bridges land-based systems and open nets. By floating solid-walled tanks embedded in natural water bodies, AgriMarine provides an optimal rearing environment for fish husbandry through three primary means: regulating water temperatures by pumping water from beneath the tanks from selected depths; monitoring and supplementing dissolved oxygen levels in the rearing tank water; and removing solid waste from the tanks for disposal on land as a fertilizer. AgriMarine’s innovative low-pressure pumping system draws clean, plankton-free water from the depths beneath the farm site. AgriMarine has solved two key technical issues on the path to closed containment for the industry: the ability to build an economical but sufficiently rugged tank at very large volumes – (ten times the volume of land-based systems) and the ability to provide an equivalent large flow of water at low energy costs (with water lift less than 6 inches instead of up to 20 feet in a RAS systems). The floating enclosures are cheaper to build than land-based tanks, and can be made spacious enough to contain the thousands of fish typically grown by modern aquaculture operations. Where as land-based RAS systems typically function as suppliers to specialty markets, the floating tanks can be feasibly adopted on a global scale.

From Concept to Reality


The AgriMarine SystemTM Farmed salmon in revolutionary clean technology

Richard Buchanan, Founder, President and Chief Executive Officer of AgriMarine “By putting the tanks in the ocean and reducing a 20 foot head to a head of less than 6 inches, we were able to reduce the energy costs by over 90%.�


The AgriMarine SystemTM Benefits #1 - Separation of the farmed fish from the wild fish and surrounding environment No solid waste pollution to sea beds, no fouling

Barrier against escapes, predation, or toxic algae blooms No wasted feed that attracts wild fish Reduced disease transmission

Barrier to sea lice and plankton blooms

Opaque, sound absorbing wall detracts predators Dissolved oxygen control systems

#2: Better control over the rearing environment Enhanced growth due to control over rearing environment No feed loss to tidal drift Better feed control

Supplemented oxygen

Provides huge growth potential for the industry

#3: Temperature control

Pumps bring warm water up in cool conditions and cool water in the summer time System can be applied in warm or cold climate conditions System can be deployed in lakes, reservoirs and oceans Allows for year-round operation


The AgriMarine SystemTM Design

• Composite resin infusion panel construction • Solid wall protection limits transfer of viral and bacterial pathogens, sea lice, etc. from the external environment

• Each tank holds 3+ million litres of water, which is exchanged  hourly • Water quality, temperature and oxygen are continuously  monitored and supplemented

• Anchoring is by grid system (same as circular nets) heavier anchors for greater drag force

• Circular water movement mimics salmon’s natural swimming pattern and promotes schooling, resulting in firmer flesh quality

• Ropes and chains secure tanks to anchors on the seabed

• Solids collection for waste removal and mortality recovery


Clean Technology In recent years, many industries have placed ‘clean’ or ‘green’ technologies at the forefront of their initiatives. Wind, solar, hydropower, biofuels,

electric transportation, waste management, green building and construction are just a few. Green technologies are also emerging in aquaculture due to increased consumer pressure for better business practices. Environmental groups are also demanding that the industry move fish farms into closed containment systems in order to separate wild salmon stocks from the risks of of fish escapes, disease, and waste discharges. At AgriMarine, our technology team continuously monitors our system. The team has extensive experience with successive scale-doubling as tanks in the ranges of 750m3, 1,000m3 and 3,000m3 have already proven successful. The Company will implement a 5,500m3 tank in the near future and has a 10,000m3 tank in the design phase. In addition, the Company has developed a recirculation design for applications for restricted water sources that requires re-use of the rearing waters. AgriMarine used recirculation aquaculture systems in a trial project for rearing Yellow Croaker in a joint venture with the Zhoushan Fisheries Research Institute (ZFRI) in the People’s Republic of China.

Stephen Robinson, Technology Specialist, AgriMarine Industries “The AgriMarine SystemTM we have designed offers a middle ground solution: it takes the principles of an expensive land-based system such as oxygenation and waste removal systems and lowers its costs by using natural water stratification to regulate temperatures in the rearing tanks. By eliminating filtration systems and land costs, we can offer significant operational cost savings.”


Fish Health Farmed fish, like wild fish, are vulnerable to infection pressure. The challenge in a farm environment is that the fish density is much higher than in the wild. If the farmer lacks a good strategy for preventing disease outbreaks, or does not handle this in a good way when disease occurs, large amounts of fish become infected. This can very quickly result in major mortalities, premature slaughter and fallowing of the farming locality.

AgriMarine’s Fish Health Experience to date

Since 2000, AgriMarine has successfully grown Chinook, Coho salmon, Atlantic salmon, and Rainbow trout. While the culture of each species

presented a unique set of challenges, overall, neither the Atlantic nor Pacific salmon species became infested with sea lice, which is often a serious problem in salmon farming. The solid-wall tanks and separation of feces from effluent water help the farmer to ensure that disease organisms are not spread between fish groups on the same farm or between wild and farmed fish. Some studies have shown that sea lice that affect salmon do not occur, or have very low populations in deep water. There is also evidence that moving oxygenated water repels sea lice. The AgriMarine SystemTM draws water from depth, thus avoiding the upper trophic regions in which sea lice thrive. The in-tank water is oxygenated and constantly refreshed. Fish health is optimized by proper husbandry from the egg selection through to harvest. Salmon thrive in the controlled environment within the AgriMarine SystemTM. The constant flow of new water at a comfortable temperature, with constant supplementation of oxygen combined with the lack of external stressors such as poor quality water and predators ensures that the rearing environment is excellent for our stocks. This in turn reduces or eliminates the need for antibiotic treatments.


Courtesy of

Disease and parasites

Pathogens - whether viruses or bacteria – are micro-organisms that can cause disease outbreaks in animals and plants. All organisms cope

with pathogens in their natural environment. The ocean also has its share of ‘bugs’ that affect animals in the marine environment. Open net-cage salmon farms hold large numbers of fish at high density over long periods of time upsetting the natural balance and creating the right conditions for pathogens to amplify, mutate and spread to wild species that may be in the vicinity. Farmers closely monitor the health of their stocks and have strict bio-security protocols in an effort to protect their own animals from pathogens and disease outbreaks.

One example of pathogen and disease spread among open net-cages is the Infectious Salmon Anemia virus (ISAv), an influenza-like virus that can be lethal to farmed Atlantic salmon. ISAv has been following the salmon farming industry across oceans and international boundaries for decades. It was first observed in Atlantic salmon being farmed in Norway in 1984 and soon began causing significant losses there. The virus has since spread to salmon farms in Scotland, Atlantic Canada, the eastern United States and finally Chile where, in 2007, it ravaged the industry leading to the loss of 20,000 jobs. “The Coastal Alliance for Aquaculture reform supports a transition to closed containment technology for salmon aquaculture.” Michelle Young, Salmon Aquaculture Campaigner for the Georgia Strait Alliance.

“BC and Canada have an enormous opportunity to be industry leaders in the development of sustainable aquaculture technologies, such as closed containment,” David Lane, T. Buck Suzuki Environmental Foundation and Coastal Alliance for Aquaculture Reform (CAAR).


AgriMarine’s Flagship Salmon and Trout Farm in the People’s Republic of China With a well-defined strategy for rapid expansion in the world’s most sought-after market, AgriMarine has established a strong foothold in

China. In 2009, the Company launched the world’s first floating fish farm in a freshwater reservoir in Liaoning Province. With an emerging middle class, China boasts the world's fastest-growing economy and the demand for high-end seafood is rising along with disposable incomes in Chinese urban areas. With no domestic commercial salmon production, the market opportunity in China for AgriMarine is clear. China’s climate is either too hot or too cold to rear salmon in traditional net cage farm operations and AgriMarine is the only company with proven clean technology and sustainability advantages to operate in that country. Norway is the lead salmon exporter to China and all its fresh product is subject to air shipping from Europe, inspections and sometimes quarantine before entering the country. As a domestic seafood producer, AgriMarine’s products are not subject to import tariffs, air freight charges or quarantine delays, often being able to ship to major cities within China 48 hours from harvest.

With crops of Pacific Steelhead trout, Chinook or King salmon and Coho salmon, each tank has capacity for 75,000 to 125,000 fish with a farm output of between 338 to 562 metric tonnes per harvest cycle (14-18 months). In China, current production capacity at the Company’s hatchery is 2.4 million fingerlings.

AgriMarine’s Competitive Advantage in China

China is the Epicenter of the Aquaculture Growth Boom China is the largest aquaculture nation with salmon consumption doubling every year

Licenses secured to ideal water assets for aquaculture

Salmon perceived as luxury fish

Only company that has water temperature controls to rear salmon

Local salmon production translates into $3/kg advantage vs. imported salmon

Chinese wealth has increased, so has protein consumption There is an increased understanding of sustainability issues Growing proactive government policies toward clean technologies

Additional farm sites now being pursued Aggressive growth and expansion plan 12

Harry Knutson, Chairman of the Board “By offering a sustainable way to do aquaculture, we can bring those jobs and economic development benefits to regions that for political reasons and concerns over sustainability just cannot entertain using conventional net cage practices.”

Robert Walker, President of AgriMarine Industries “Our goal is to strike a balance between farmed fish and the surrounding ecosystem. Having been in the industry for close to 20 years, I have witnessed fish escapes, toxic plankton blooms and the continuous replacement of nets. The AgriMarine SystemTM resolves all these issues and safeguards the fish and the environment.”

The Farming Process Canadian fish ova

Hatchling fish are reared in AgriMarine’s hatchery

Hatchling fish are transferred to AgriMarine’s floating tanks and reared for approximately 14-18 months

When fish reach approximately 3-5 kg, they are harvested, processed and shipped to suppliers


Tank assembly, launch and sinking process

AgriMarine’s Middle Bay Salmon Rearing Facility in Campbell River, BC AgriMarine and BC-based Middle Bay Sustainable Aquaculture Institute (MBSAI), launched

the first marine-based, commercial scale tank at the Company’s research and development facility in Middle Bay, Campbell River for the rearing of Chinook or ‘King’ salmon. The site serves as a testing site, to demonstrate the commercial adaptability of the technology in a high energy marine environment. Known as Canada’s ‘Salmon Capital’, Campbell River boasts some of the best areas for salmon farming and is strategically situated close to major markets in BC and the US. With the first harvest of King salmon now complete, the Company plans to install additional tanks at Middle Bay.


is a not for-profit organization formed for the purpose of researching and developing the use of commercial-scale solid-wall containment systems for aquaculture. Contributing to this project in conjunction with AgriMarine is Sustainable Development Technology Canada (SDTC), US-based Gordon and Betty Moore Foundation and Coast Sustainability Trust. The project has been endorsed by environmental non-governmental organizations such as the Coastal Alliance for Aquaculture Reform – which includes the David Suzuki Foundation, Living Oceans Society, Georgia Strait Alliance, T. Buck Suzuki Environmental Foundation and Watershed Watch Salmon Society.


Photo credit: Damien Gillis

AgriMarine has over 100 years in-house expertise in fish farming, processing, hatchery design and closed containment rearing environments.

Research and Development Projects Yellow Croaker Research Project in China AgriMarine initiated a joint venture for a commercial-scale research project for the rearing

of Yellow Croaker in a solid-wall containment system. The joint venture project served to test the Company’s solid-wall containment technology into other high value species in China. Yellow Croaker (Larimichthys crocea), a warm-temperate to subtropical fish, is one of the more highly valued fish in China, due to both its scarcity and flavour. Yellow Croaker is currently reared in near-shore net cages in southern China (primarily Fujian Province); however, poor water quality from local industrial pollution and disease outbreaks has contributed to generally poor flesh quality and low yields.

Tuna Trial Project in Japan AgriMarine and the School of Marine Science and Technology at Tokai University, Shimizu

Campus, are collaborating in a trial project to rear Bluefin tuna on a commercial scale, using the AgriMarine SystemTM. Tokai University is a recognized leader in tuna husbandry studies and its research has led to patents related to Bluefin tuna juvenile feeding and husbandry. The project aims to scale up Tokai University’s research in order to establish the husbandry and design parameters for rearing Bluefin tuna in solid-wall containment to commercial production levels. Bluefin tuna is one of the most prized fish worldwide, but the species is being driven to the brink of collapse due to intensive overfishing.


Scientific Advisory Community Drawing from the best scientific professionals

One of the goals of the Company is to ensure that it stays current with the applications of the many

science disciplines related to its superior fish rearing system. AgriMarine has invited world-class scientists with appropriate life-time aquaculture expertise and experience in both industry and academia to join the Company’s Scientific Development Committee. The Committee advises AgriMarine’s Board and Management on matters of fish health, disease prevention, husbandry, applied science and technology as it pertains to the AgriMarine SystemTM. Members of Committee include Dr. L. J. Albright (Chair), Dr. W. J. Kay and Dr. J. A. Leong, who are focused on developing appropriate vaccines for a disease-free culture of salmon and Rainbow trout. To this end, the Company, in association with the Pearl River Fisheries Research Institute in Guangzou, has developed fish vaccines not currently available in China. Infectious Hematopoietic Necrosis Virus (IHNV), Enteric Redmouth Disease [ERM] and furunculosis vaccines will soon be available for the Chinese market.

Further research will be directed towards enhanced waste removal techniques. Innovative ways to remove metabolized nitrogen components of ammonia, nitrite and nitrate from the fish culture water will be investigated and developed so as to increase water reuse within the closed containment tanks. Other research will focus on feed trials using vegetable oil substitutions and algae culture for omega3 oil production for fishmeal replacement. Dr. Lawrence Albright – Director and Scientific Development Committee Chair “AgriMarine has reared seven generations of salmon in solid-wall containment with no sea lice infestations to date, possibly attributed to the increased depth of seawater intakes, oxygen supplementation in AgriMarine’s Systems, and optimal rearing controlled environment.”


Sean Wilton, Director of Technology Licensing and Joint Venture Partnerships “The long term goal of the company is to license our technology to the existing industry and allow them to convert from net cage operations to solid-wall containment. We are seeing strong drivers now and consumer pressure to change to more sustainable technology.”

Technology Licensing

With growing interest in the AgriMarine SystemTM, the Company established a

subsidiary under the name AgriMarine Norway AS (“AgriNor”) to act as an exclusive license agent to territories encompassing the Nordic Countries, Russia, and certain countries in Europe. AgriNor is moving forward with concessions earmarked for closed containment in Norway in order to demonstrate the technology in the largest salmon farming producing nation in the world. The industry in Norway is facing political, consumer and environmental pressure to improve business practices to make farming environmentally sustainable. John Buchanan, CFO, Director “The AgriMarine SystemTM is more cost effective and energy efficient than land-based systems and offers operational efficiencies to net cage operations.”

Cost Effectiveness

Up front capital costs for AgriMarine’s solid-wall systems are greater than those of net-

pen farms, but are offset by savings in other areas, such as fish health and feed conversion. Any marginal greater capital costs for our technology are more than offset by savings in oxygen and increased feeding efficiency. Capital cost attribution is an extremely small portion of the overall cost of production given the long life cycle of the tanks. Up front capital costs for an efficient rearing environment like the AgriMarine SystemTM can be considered a wise investment by farmers wishing to avoid risk to their fish, and by governments concerned about the health of oceans.


Operating costs for pumps, oxygen, and monitoring systems are more than offset through feeding efficiency gains. Recent results from other aquaculture companies have independently confirmed that consistent oxygen supply significantly improves health and growth of farmed salmon. INPUTS



3,000 -5,500 cubic meters - 25 year operating life, long term amortization rates - No land costs


More biomass per cubic meter rearing space No costly losses of fish due to escapes or plankton blooms


Water exchange and vortical movement sustain higher densities, testing shows no stress


Higher feed conversions, no loss to drift


Non-polluting, hydro-electric three-phase power High volume, low energy pumps, with static pumping head of less than a foot, Non-RAS, energy costs account for less than 5% of cost of production


Can be deployed close to market, reducing transportation costs


Supplemented oxygen controlled, unlike in net pens


14 months to market in freshwater, 18 months in seawater


3-5 kgs depending on environment and species


Secondary revenue stream


FISH HEALTH: REDUCTION IN FISH HEALTH COSTS Reduced or eliminated sea lice treatment Reduced or eliminated antibiotic usage Reduced mortalities Improved flesh quality Faster growth cycles and reduced fallowing, which means that the number of cycles is increased by 30% FEED CONVERSION RATIO No loss to drift translates into reduced costs OPERATIONAL COST REDUCTIONS Tank designed for 25 year lifespan vs. open net life of 3-5 years Eliminates net cleaning/repair and anti-fouling costs and major maintenance needs High volume, low energy with static pumping head of less than a foot - energy costs are offset by the reduction of inefficiencies associated with feed waste and mortalities in net-pen systems


Company Outlook

Message from Richard

AgriMarine’s clean technology was developed over a ten-year period and we continue to refine and improve the AgriMarine System

to remain a leader in our industry and to ensure optimization of continued growth and profitability. I am extremely proud of our accomplishments, the strength of our team and the support we have received from the environmental community. We are also thankful to our business partners, consortium members and investors for their continued support. TM

When we began our land-based closed containment pilot project in 2001, we did not realize the complexities of raising sustainably farmed salmon to market. We were confident on the biological side of the business but had to prove the economic benefits of such a system. As a water resource engineer, I had experience building hatcheries and also spent 8 years as a net cage farm operator. After assembling a talented team of experts, we began researching a variety of materials to form an artificial marine habitat. We had enough fish culture background to understand the issues related to escapes, algae blooms and pollution to the surrounding eco-systems. From concrete to steel, to polyethylene floating bags, none of the materials tested provided the buoyancy, flexibility, strength and ability to withstand a tidal environment or proved to be cost effective. AgriMarine’s final tank design offers environmental benefits and operational efficiencies and early results from our demonstration farms in Canada and China indicate improvements in fish health, growth cycles and operating costs – all achieved in a sustainable and responsible fashion. After successfully completing two harvests in China and partnering with major retailers in China and the US, we are confident that the AgriMarine SystemTM can be effectively deployed in major salmon producing nations around the world. Our Company goals are to become the largest domestic producer of salmon in China, to expand our commercial salmon production facilities in Canada and to actively pursue expansion into key salmon producing markets through licensing agreements and joint venture partnerships. We are also undertaking research-scale projects to demonstrate the potential application of our technology to other fin fish species such as Bluefin Tuna. Our original message of sustainability now resonates within the industry, retailers and consumers. We know that change is necessary and we leading the movement in this regard. Dozens of groups from government, industry and the environment have visited our demonstration site in Campbell River since our launch to witness first-hand how the AgriMarine SystemTM works. We believe that the future is bright for AgriMarine.


Corporate Information Management and Board of Directors

Strategic Advisory Committee

Richard Buchanan, P. Eng

John Buchanan, CA

Founder, President, CEO Director, Corporate Secretary CFO, Director

Harry Knutson, Chairman of the Board, Member of the Audit and Finance Commitees Independent Director


Sean Wilton, P. Eng

Director, Licensing and Project Joint Venture

Lawrence Albright, Ph.D.

Independent Director Chair Scientific Development Committee

Greg Hall

Geir Spiten Lily Gao

Chief Operating Officer, China

Yan Jun Peng

General Manager, Benxi AgriMarine

Dr. Lawrence Albright, Chairman Dr. William Kay Dr. Jo-Ann Leong

McMillan LLP 1055 W. Georgia Street, Suite 1500 PO Box 11117 Vancouver, BC V6E 4N7

Ernst & Young LLP Chartered Accountants 2300 – 700 W Georgia Street Vancouver, BC V7Y 1C7

Computershare Investor Services 2nd Floor, 510 Burrard St. Vancouver, BC V6C 3B9

Transfer Agent

Scientific Development Committee


President, AgriMarine Norway

Stephen Robinson, Technology Specialist Jeff Sheremeta, In-house Counsel Travis Schneider, Manager, Corporate Affairs Alexia Helgason, Manager, Marketing, Communications, Media Michael Minder, Manager, Investor Relations Dorothy Yan, Benxi AgriMarine Director Belinda Yang, Controller Jeannine Spurgeon, Marketing Coordinator

Legal Counsel

Independent Director Member of the Audit and Finance Committee

Robert K. Walker, MBA President AgriMarine Industries Inc.

Hon. John Reynolds P.Q. Phil Fitzpatrick Alex D. Campbell David Rubenstein Jerry Kroll Linan Eden


Head Office 1810-999 W. Hastings Street Vancouver, BC V6C 2W2 T: 604-568-4672 F: 604-568-4673

Technology Research & Development Middle Bay Farm Campbell River 4193 Middle Point Road Campbell River, BC V9H 1N6 T: 250-286-3656 F: 250-286-3651

Operations – China AgriMarine Aquaculture Technologies (Beijing) Co. Ltd. 14F China World Office 1 1 Jianguomenwai Avenue Beijing 100004, China T: +86-10-65350105/0107 F: +86-10-65350377

Benxi AgriMarine Farm Rm 1109, No 25 Tielu Street Pingshan District, Benxi Liaoning 117000, China T: +86-414-2800207 F: +86-414-2800207

Operations – Europe AgriMarine Norway AS Tjuholmen alle 1, 0252 Oslo, Norway T: +47-415-14974

AgriMarine Corporate Brochure