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MARINE HARVEST INTERNATIONAL FILES REGISTRATION STATEMENT FOR 5 MILLION SHARES OF COMMON STOCK

 WOODBRIDGE, N.J., June 23 /PRNewswire/ -- Marine Harvest International, Inc. (AMEX: MHI) announced today that it has filed a registration statement with the Securities and Exchange Commission covering 5 million shares of its common stock (5,750,000 if the underwriters exercise their over-allotment option in full).
 The offering will be managed by Smith Barney, Harris Upham & Co., Inc. and Bear, Stearns & Co. Inc.
 The net proceeds from the sale of shares by the company will be used to redeem all of the company's outstanding Series A 10 percent cumulative redeemable preferred stock and pay accrued and unpaid dividends and related fees, to reduce bank indebtedness and for general corporate purposes including capital expenditures and/or acquisitions.
 Marine Harvest International, Inc. is a world leader in the farming, processing and distribution of Atlantic salmon and a major producer and distributor of Western White shrimp.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.
 -0- 6/23/93
 /CONTACT: Diana Burton of Marine Harvest International, 908-750-1122/
 (MHI)


CO: Marine Harvest International, Inc. ST: New Jersey IN: FOD SU: OFR

LR-PS -- NY040 -- 5121 06/23/93 15:47 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
Words:278
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