Heartless Cove Oyster Co., an established shellfish aquaculture company, requires expansion capital. A total of $300,000 is required, of which $200,000 has been raised.
The company and business plan have been registered as an Eligible Business Corporation under the provincial Small Business Venture Capital Program: if you are a BC resident, your investment of between $10,000 and $100,000, if made before March 1, 2019, will qualify you for a 30% refundable tax credit when you file your 2018 income tax return (if you're unfamiliar with the Small Business Venture Capital Program, you can learn more here: https://www2.gov.bc.ca/gov/content/employment-business/investment-capital/venture-capital-programs/eligible-business-corporation)
As well, your investment is:
- an eligible investment for your RRSP
- fully backed by assets
The Company's business plan projects total returns over a 5-year hold of 140% to 260%.
For further information, please reply by email. Broker enquiries welcome.
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