Montreal, Quebec--(Newsfile Corp. - June 21, 2013) - Société en commandite BENT announced that it has acquired the ownership of 1,585,000 class A shares (the "Class A Shares") of Global SeaFarms Corporation (CNSX: GSF) ("Global SeaFarms"). The Class A Shares were acquired pursuant to a private placement made by Global SeaFarms of an aggregate of 22,001,077 Class A Shares at a price of $0.09 per Class A Share (the "Private Placement"). The Class A Shares were acquired for investment purposes.
After the completion of the Private Placement, Société en commandite BENT owns a total of 14,525,709 Class A Shares, representing approximately 14.84% of the issued and outstanding Class A Shares of Global SeaFarms.
Société en commandite BENT had previously disclosed ownership over 12,940,709 Class A Shares, representing 18.37% of the then issued and outstanding Class A Shares of Global SeaFarms. At that time, there were 70,428,355 issued and outstanding Class A Shares of Global SeaFarms. As per the interim financial statements of Global SeaFarms for the period ended March 31, 2013, there were 75,863,774 issued and outstanding Class A Shares prior to the Private Placement.
This news release is being issued under the early warning provisions of Canadian provincial securities legislation.
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For more information:
Robert Boisjoli
(514) 821-9857
