date:Dec 28, 2012
dollars per one-tenth of one percent is based on a $25-million dollar capitalization of the new company. Silver Bay is purchasing a minimum ownership interest of 60-percent in the new company for $15-million dollars.
The new processing facility in Naknek is scheduled to be up and operating in May of 2014 and the initial $25-million dollars is expected to cover the actual cost of the real estate and the costs associated with building the new processing facility.
Silver Bay Seafoods has already