Natural Shrimp, Inc. Announces $1,000,000 of Series B Preferred Subscriptions; Preferred Share Agreement Totals $5,000,000
POSTED: Nov, 06 2019
Natural Shrimp, Inc., an aquaculture Company which has developed and patented the first commercially
operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has received
the first $1,000,000 in subscriptions of its $5,000,000 Series B Preferred offering.
The $5,000,000 Series B Preferred subscriptions, executed with GHS Investments, LLC, allows the
Company to access additional equity capital from GHS via this preferred equity structure. The terms and
conditions of the Series B preferred can be accessed via the Company’s latest U.S. Securities & Exchange
Commission filings.
Commenting on the financing, NaturalShrimp Chief Financial Officer, William J. Delgado, noted: “We are
well underway on our expansion of the La Coste, Texas facility, including new fiberglass tanks and new
Electrocoagulation (EC) units. We also are continuing our work with additional species, for example,
Barramundi and Salmon via our majority owned subsidiary, Natural Aquatic Systems (NAS).”