Aqua Bounty Technologies, Inc.
("Aqua Bounty" or "the Company")
Aqua Bounty Technologies, a biotechnology company focused on enhancing
productivity in the aquaculture market, announces that it has issued
6,195 new Common Shares of 0.1 cents each ("new Common Shares") to
Richard Clothier, Chairman of the Board of Directors. Under the terms
of his service agreement with the Company, Mr. Clothier receives 75% of
his compensation in the form of cash payments and 25% in the form of
shares of common stock. The shares issued to Mr. Clothier represent his
stock compensation for services provided from March 2006, when he was
appointed Chairman, through December 2006.
The issue of these new Common Shares is subject to admission to trading
on AIM, application for which has been made. Trading in the new Common
Shares, which will rank pari passu in all respects with the existing
ordinary shares, is expected to commence on 23 November 2006.
