 |
 |
|
Lions Gate to Acquire Baja AquafarmsLions Gate to Acquire Baja Aquafarms
Distributed by Atlantis Group - atlantis-ltd.com - Karl Jonsson - +974 620 5471 / +354 664 0000 / karl@atlantis-ltd.com New York, NY--(PR Newswire - 07/22/10): Lions Gate Lighting Corp. ("Lions Gate" or the "Company") (OTC.BB:LNLT - News) announced that it has entered into an agreement to acquire 33% of Baja Aquafarms (“Baja”) along with an option agreement to acquire the remaining 67% (the "Agreements") . The acquisition of the 33% interest is effective upon the issuance of Baja shares to the Company which shall be no later than August 30, 2010 and the Company has until September 15, 2010 to exercise its option to acquire the remaining 67%. The Company will invest cash into Baja in the amount of $8,000,000 by July 31, 2010. In addition, an amount of $10,000,000 will be paid to the sellers out of the proceeds from the sale of a portion of Baja’s inventory by September 30, 2010. If the option is exercised, the Company will also issue 10,000,000 shares of its common stock. Baja is a private Mexican company that owns and operates facilities and equipment in the territorial waters of Baja California, Mexico where it fishes for and farms Pacific Northern Bluefin Tuna for sale primarily into the Japanese sushi and sashimi market. Baja is the largest tuna farming operation in Mexico. Baja has been fishing and farming Bluefin Tuna since 2000. The operation is well run and managed and will continue to operate using existing management and employees. We anticipate the combination of the two companies will lead to greater efficiencies and knowledge as we combine and transfer knowledge between Baja and Kali Tuna, Lions Gate’s wholly owned subsidiary. Oli Steindorsson the Chairman and Chief Executive Officer of the Company said “The combination of Baja and our cornerstone operation Kali Tuna will more than double our operations while adding geographical diversity. Additionally, the proximity of the farm to the United States markets will allow us to develop additional markets for Bluefin Tuna in the United States and Canada.” Related documents Lions Gate to Acquire Baja Aquafarms – Atlantis Group Press Release Atlantis Group Announces Share ExchangeAtlantis Group hf. Announces Share Exchange of Kali Tuna and Lions Gate Lighting Corp Planning Name Change to Umami Sustainable Seafood
Distributed by Atlantis Group - atlantis-ltd.com - Karl Jonsson - +974 620 5471 / +354 664 0000 / karl@atlantis-ltd.com New York, NY – July 1st, 2010: Atlantis Group hf, a multinational aquaculture company and wholesale trader of farmed (aquaculture) seafood worldwide, with a key market in Japan, has exchanged all of the issued and outstanding capital stock of its wholly owned northern bluefin tuna (“NBT”) aquaculture subsidiary, Kali Tuna d.o.o. for newly issued restricted shares of Lions Gate Lighting Corp, a US publicly traded Nevada corporation (“the Company”). Simultaneously, the Company raised gross proceeds of approximately $7.3 million through the issuance of 7.3 million shares and approximately 1.4 million warrants in a private placement offering. The Company intends to change its name to Umami Sustainable Seafood Inc. (“Umami”) as soon as possible. The stock of the Company will continue to trade on the OTC Bulletin Board under the ticker symbol LNLT until the Company’s name change is cleared by the Financial Industry Regulatory Authority. The cornerstone of Umami is Kali Tuna, an established NBT aquaculture operation located in the Croatian territorial waters of the Adriatic Sea. Kali Tuna has been in operation for approximately 15 years and produces NBT that is regarded by many as the highest quality NBT in the world. Initially, the Company will continue to market a substantial proportion of its production in Japan utilizing the Atlantis Group as its sales agent. Related documents Atlantis Group hf. Announces Share Exchange of Kali Tuna and Lions Gate Lighting Corp - Planning Name Change to Umami Sustainable Seafood – Atlantis Group Press Release
Doha news release from AGUN conservation body overwhelmingly rejects trading ban of Atlantic Bluefin Tuna Doha, March 18th 2010 CITES, the UN governed international body of nations in charge of conserving plant and animal species today rejected Monaco's proposal to ban all international trade of Atlantic Bluefin Tuna. The vote was conclusive, 20 nations voted for the motion, while 68 rejected. Conservation measures of the species will hence remain in the hands of ICCAT, the regional fisheries management organization that to date has been responsible for the species. Atlantis Group is the single largest importer of Atlantic Bluefin Tuna into Japan. The company has pushed for measures intended for sustainable utilization of the species on the ICCAT front and this week company representatives were present in Doha to promote the company's stand that the control of the fishing stocks should remain in the hands of regional fisheries management organizations. Oli Valur Steindorsson, Atlantis Group CEO: "Historical evidence proves that those with the long term interest in fisheries resources are those most likely to preserve it. Now ICCAT must secure that the trust invested in it by the 68 nations is rewarded. We have pushed for sustainable utilization on the past two ICCAT meetings and will move on in the same manner; doing our best to secure that sustainable practices prevail in regards to the Atlantic Bluefin." The Atlantic Bluefin Tuna would have been the first commercial fishing stock to be listed on CITES Appendix I, immediately banning all international trade of all products stemming from the species. "the vote clearly demonstrates that the nations will to keep fisheries management at regional level, which has been our view all along." Says Oli Valur Steindorsson, CEO of Atlantis Group. For further info or comments, contact Karl Jonsson at karlpetur@gmail.com or on +354 664 0000 / +974 620 5471 |
Statement regarding the proposal to list Atlantic Bluefin Tuna on CITES AppendicesListing of Atlantic Bluefin Tuna as an endangered species Ryekjavik, March 10th 2010 Atlantis Group is among the world leaders in the farming and distribution of Bluefin Tuna. The company's for around 8% of the annual import of Bluefin Tuna to the Japanese market. The company acknowledges the urgent need to re-build the Atlantic Bluefin Tuna (ABFT) stock and the grave situation brought on by decades of overfishing and lax control mechanisms. The company views, alternate measures, other than an international ban on trade as the way forward in this matter. Having agreed with requirement quotas within scientific advice and stricter control mechanisms in the fishing of Atlantic Bluefin Tuna on the ICCAT front, the company welcomes the measures taken by ICCAT in the past two years, however it strongly advises against the listing of a commercial fish stock on a list of endangered species and banning the trade of the species. Although the decades of ICCAT's mismanagement can not be disputed, the organization has already shown its capacity for change in several very important ways. The most important elements of which are the: strengthened control mechanisms, significant strengthening of compliance measures, adherence to scientific advice when issuing quotas and increased power given to the SCRS, ICCAT's scientific board. SCRS has been given the authority to halt fishing if stock assessment points towards the collapse of the stock. This makes a listing on CITES Appendix I or II unnecessary. Resorting to the extreme measure of listing commercially fished species on a list of endangered species carries with it the risk of the subsequent listing of over a further 100 species. This would move the right of controlling a vital protein source for the world from those who carry a long term interest in the sustainable use of the species to those who don't. This will empower CITES at the cost of local governments and RFMO's. There are already comparable examples of stock recovery through proper fisheries management, one such example is the Icelandic cod stock, where the stock has grown by 73.6% in the last 26 years through the restructure of the Icelandic fisheries management system. The drive to list the ABFT as an endangered species has been controlled by environmental NGO's with unlimited financial resources. They have systematically distributed lies and disinformation in the world's media and created a mass hysteria, all the while interpreting scientific data in a very creative manner. The call for a "quick fix" to solving the problems of the ABFT must be answered soberly with a long term solution to the sustainable use of the species, empowering ICCAT to do it's job properly. Download Documents Statement regarding the proposal to list Atlantic Bluefin Tuna on CITES Appendices  Kali Tuna - Press releaseCROATIAN TUNA FARM TAKES A MAJOR STEP TOWARDS SUSTAINABLE FARMING OF ATLANTIC BLUEFIN TUNA ZADAR, CROATIA, OCTOBER 6TH, 2009: A vital step towards closed life cycle farming of the commercially valuable Atlantic Blue Fin Tuna (NBT) was achieved in the Adriatic farming sites of Kali Tuna, a Croatian tuna farming company and the laboratories of Aquaculture at Institute of Oceanography and Fisheries (IOF) in Split. Marine scientists at IOF have confirmed that gametogenesis was completed and a number of tuna eggs were spawned in cages off the coast of Croatia. In the experiment over 800 pieces of brood stock were kept in a special cage since the spring of 2006. The fish spawned successfully in the cage during the early summer of 2009. Most of the eggs were released naturally into the water, whilst a number of eggs were collected and later successfully hatched in a Split- based laboratory. More Download images Download all images - ZIP
Download Documents Atlantic Blue Fin Tuna Breeding in Croatia
|
 |
|
