NaturalShrimp Holdings Inc. Releases Investor Information for 506(c) Capital Raise
LA COSTE, Texas, March 18, 2014 /PRNewswire/ -- NaturalShrimp Holdings Inc., (a privately held indoor shrimp farming company) releases information for Accredited Investors that are interested in the company's 506(c) private placement memorandum. NaturalShrimp is in the process of raising $3,500,000 (three million five hundred thousand dollars) for the construction of the first large scale indoor shrimp facility in North America projected to produce up to 6,000 pounds of fresh shrimp per week. Interested Accredited Investors may look at our information with approval at www.naturalshrimp.com or can call NaturalShrimp Holdings Inc. regarding the PPM to answer any questions they may have.
On September 23, the JOBS Act-mandated SEC rule permitting general solicitation and advertising of private offerings conducted under SEC Rules 506(c) and Rule 144A went into effect, opening a key door to capital for U.S. and global companies. Lifting the ban on transparency in private offerings will also aid in producing more efficient pricing for private and public traded companies, as investors will be able to price in the performance of a private offering into a company's valuation. It could create a standard for more companies to share information in the public markets, creating a virtual circle for issuers and investors. Companies that are providing insight into their business operations and financials for the first time may be inclined to continue providing ongoing news and disclosure, whether on their website or through a public disclosure service such as OTC Markets Group's OTC Disclosure & News Service.
Accredited Investor
While general solicitation of Rule 506(c) offerings is now permitted, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes in excess of $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).
NaturalShrimp Holdings Inc., Inc CEO Bill G. Williams stated, "Our new initiative to raise funds through a 506(c) exemption is very exciting and we look forward to partnering with new investors. NaturalShrimp is raising the capital so that we may proceed to the next step of our expansion and continue to market our revolutionary product to change the seafood industry for the better. Also, the funds will allows us the opportunity to step up our shrimp production to show the industry we are poised to be a large player in the future."
About NaturalShrimp Holdings, Inc.
Founded in 2001, NaturalShrimp is a privately held Agro-Tech company located near San Antonio, in La Coste Texas. NaturalShrimp has developed and tested the first commercially-viable system for growing shrimp indoors and is currently raising capital for expansion. This system uses proprietary technology to reliably produce healthy, naturally-grown shrimp weekly without the use of antibiotics or toxic chemicals.
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FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the holding industry; the positioning of NaturalShrimp Holdings, Inc. in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether NaturalShrimp Holdings, Inc. can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
Investor Contact Information:
NaturalShrimp Holdings, Inc.
Phone: +1(888)791-9474
Email: [email protected]
SOURCE NaturalShrimp Holdings, Inc.
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