Argentia Capital Inc.
Argentia Capital Inc. (ACI) a joint venture company between Port of Argentia Inc. (POA) and Torrent Capital Ltd. The joint venture company is focused on the construction of infrastructure at the Port of Argentia, the provision of equipment, goods and services at the Port and equity ownership in businesses that support aquaculture, renewable energy, mining, mineral processing, and oil and gas sectors, as well as other port developments.
Royalty Participation
ACI is working with POA to negotiate royalty agreements with project developers being hosted at the Port. Utilizing a shared risk approach, royalty payments as a percentage of gross revenues, percentage of profits or a fee based on production are being evaluated for inclusion in lease agreements.
Equity Ownership
ACI will participate in projects by investing in their future success through conventional sources of financing (Cash & in-kind contributions) and through securing alternative sources of funding including government contributions.
Procurement Management
ACI is committed to maximizing local participation in projects being developed at the Port. A preferred vendor program is in place to support the construction and operating procurement requirements of tenants.
Property Leases and Rentals
ACI is evaluating opportunities to invest in infrastructure at the Port to earn revenue through traditional lease and rental payments.
Location
Port
of Argentia
Brief History
Port of Argentia is a heavy industrial seaport located on the southeastern portion of the Island of Newfoundland, in Placentia Bay. Formerly the site of a U.S. Naval Base, Port of Argentia is being redeveloped with a diverse group of port users and tenants involved renewable energy, aquaculture, marine transportation, offshore oil, mining and other sectors.
Strategically located near the main shipping lanes between North America and Europe, Argentia offers well-maintained infrastructure and a highly skilled local workforce.
In Short
- Enviable position of being able to offer tenants both ocean access and available land mass for the establishment of large-scale development projects.
- Designated hub for sustainability, where international companies have announced billions to be invested in new industries, employing thousands of workers over the next several years.
- Economic impacts from investments at the Port will be significant, not only for the Placentia area but for the entire province.
Port of Argentia Inc. (POA) is a non share capital company and is the owner of the marine terminal and adjacent property at the Port of Argentia. POA provides stewardship of the port for the long-term benefit of the communities and people of the Placentia region.
Torrent Capital Ltd. is a publicly traded investment issuer that invests in the securities of private and publicly traded companies. The Company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. Torrent Capital is led by an accomplished team with extensive finance, legal, marketing, and government relations expertise.
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