Kelly Cove Salmon is owned by Cooke Aquaculture. The charges were laid after hundreds of lobsters died in the Bay of Fundy.
400 thousand dollars of that half million will go to the Environmental Studies programme at U-N-B as well as scholarships.
The C-E-O of Cooke Aquaculture, Glenn Cooke says the company questions the allegations but wanted to avoid a lengthy and very public court case.
He goes on to state the company has limited the stocking of those salmon farms that had higher sea lice levels until the industry has access to a full array of pest treatment and management tools which will negatively affect the local economy
