OIC Number: 2021 - 200

Date of Order: Jul 15, 2021

Statute: Fisheries and Coastal Resouces Act

OIC Text: The Governor in Council, on the report and recommendation of the Minister of Fisheries and Aquaculture dated July 8, 2021, and pursuant to

Section 38 of

Chapter 25 of the Acts of 1996, the Fisheries and Coastal Resources Act , and Sections 3, 13 and 21 of the Fisheries and Aquaculture Loan Regulations , N.S. Reg. 207/2018, made by Governor in Council by Order in Council 2018-308 dated December 11, 2018, is pleased, effective on and after July 15, 2021, to: (

a) approve the Nova Scotia Fisheries and Aquaculture Loan Board agreeing to the assumption by Louisbourg Seafoods Limited, on the same terms and conditions, of the loan of $6.3 million to Ka'Le Bay Seafoods Limited that was approved by Order in Council 2019-339 dated December 3, 2019; and (

b) approve the Nova Scotia Fisheries and Aquaculture Loan Board making a loan to Louisbourg Seafoods Limited in an amount not exceeding One Million One Hundred Forty-six Thousand Two Hundred and Eighty-two Dollars ($1,146,282) to assist in the financing of modifications to a new fishing vessel, on terms and conditions as outlined in

Schedule “A”, attached to and forming part of the Report and Recommendation.

Department(s): Fisheries and Aquaculture