Cervantes Corporation (CVS)

Shares / Stock Code

CVS

Stock Exchange / Sharemarket

Australian Securities Exchange

Cervantes Seafood (CVS) is based in Western Australia, and is a processor of western rock lobster. The lobsters are distributed domestically and are also exported throughout the world through an exclusive arrangement with one of Australias leading lobster processing companies. The Company operates in two segments: seafood and aquaculture business, and exploration and evaluation of mineral resource projects. On January 9, 2009, the Company acquired the Cervantes Gold Pty Ltd. The company was listed on the Australian Stock Exchange on the 6th November, 2002.

Cervantes Corporation Ltd is an ASX listed company (ASX:CVS) which has in recent years been predominantly in the Lobster catching, processing and sales industry. Since being recapitalised in mid 2007 and changing its name, Cervantes has continued to maintain their activity in this sector by way of income from the Lobster Pots and Abalone Hybrid research, whilst seeking additional opportunities.

The seafood sector has in recent times had some unfortunate experiences and failures and Cervantes has been assessing numerous opportunities in other sectors to establish cash flows and utilise the cash reserves it has. Cervantes is debt free, cashed up and seeking opportunities of all descriptions that can add value to their shareholders investments. The Cervantes board has assessed Oil & Gas in USA, Gold in Kyrgstan, Pearls in WA and numerous other projects, including discussions on possible mergers, all of which are open to discussion by the Board. Recently the board approved a limited, secured, financing venture involving retreatment of Gold workings with an experienced operator in return for a share of profits, and this is an ongoing venture which can be viewed progressively in the Cervantes Gold link.

The Board of Cervantes also recently approved a limited, secured, financing agreement to assist a listed but suspended Oil & Gas Company, Baraka Petroleum Ltd proceed to a possible requotation of their securities. Cervantes saw this as an opportunity to assist a considerable number of shareholders in Baraka from losing their investments and create an alliance with another listed company for the benefit of each of its shareholders. The progress of this venture can be viewed under the Cervantes Energy link.

Each of these projects has been introduced by Zurich Securities Pty Ltd and Zurich (WA) Mergers and Acquisitions, a WA based securities dealer (AFSL Licence 317392) with close connections to Cervantes by way of the Managing Director of Cervantes. Cervantes also invests and trades in listed and unlisted securities from time to time to create wealth and meet overhead expenses of the company, so as to maximise the cash reserves of the shareholders. See Cervantes Investment Division link.

Cervantes Corporation (CVS) Products and Services

  • Processing and exporting of western rock lobster

Cervantes Corporation (CVS) Locations and Subsidiaries

Cervantes Corporation Head Office
85 The Esplanade, South Shore Piazza, Shop 11,
SOUTH PERTH, WA 6151

Phone: (08) 6436 2300
Fax: (08) 9367 2470

Cervantes Corporation (CVS) Share Price

Submitted by ASX Listed Company on 7 March, 2010 - 02:34

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