As previously announced, this private placement was partially completed in June, in conjunction with the closing of a share exchange among the company and Atlantis Group that resulted in Kali Tuna becoming an indirect wholly owned subsidiary of Umami.
"I am very pleased to report the completion of the first stage of our financing program which has enabled us to acquire a 33 percent interest in Baja Aquafarms, the leading producer of Pacific bluefin tuna in Mexico, with the option to acquire the remaining 67 percent by Sept.