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$SHMP Natural Shrimp, Inc. Announces $1,000,000 of Series B Preferred Subscriptions; Preferred Share Agreement Totals $5,000,000

https://www.otcmarkets.com/stock/SHMP/news/Natural-Shrimp-Inc-Announces-1000000-of-Series-B-Preferred-Subscriptions-Preferred-Share-Agreement-Totals-5000000?id=245362

Dallas, Texas, Nov. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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).”

Company Description NaturalShrimp, Inc.

NaturalShrimp, Inc. is an aquaculture Company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) that produces fresh, gourmet-grade shrimp reliably and economically in an indoor, re-circulating, saltwater facility. Its eco-friendly, bio-secure design does not rely on ocean water, but rather recreates the natural ocean environment allowing for high-density production which can be replicated anywhere in the world.