Maple Leaf Announces Four Letters of Intent Totalling CDN $1.13 Million For Sales of Organic Fish Meal

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[{"type":"text","content":"\n\n\n\nLast Close: April 6, 2009 - $0.11\nShares Issued: 56,511,127\n\n\nCALGARY, April 7 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf") is\npleased to announce the signing of four letters of intent ("LOI") during the\nmonth of March for a total value of Cdn $1.13 million (6.2 million Rmb). The\nselling price for the organic fish meal is Cdn $364 (2000 Rmb) per tonne.\nDeliveries will start on April 15, 2009 and subsequent deliveries will be made\nat the request of the purchasers. Payments will be made monthly to Maple Leaf:\n\n\n1. Valued at Cdn $218,000 (1.2 million Rmb), Maple Leaf will supply in 5\n shipments, 600 metric tonnes of fish meal to the 7th Lake Fish Farm\n of Datong Lake Fish Farm owned by Hunan Dongting Aquaculture Co.\n Ltd., a Chinese public company that has 800,000 mu (approx. 1.2\n million acres) of fish farms.\n\n2. Valued at Cdn $364,000 (2 million Rmb), Maple Leaf will supply in 10\n shipments, 1,000 metric tonnes of fish meal to the 2nd Xihu Fish Farm\n owned by Hunan Dongting Aquaculture Co. Ltd.\n\n3. Valued at Cdn $364,000 (2 million Rmb), Maple Leaf will supply in 10\n shipments, 1,000 metric tonnes of fish meal to Qili Lake Fish Farm,\n Jin City, Hunan Province.\n\n4. Valued at Cdn $182,000 (1 million Rmb), Maple Leaf will supply in 5\n shipments, 500 metric tonnes of fish meal to Baimin Lake Fish Farm,\n Li county, Hunan Province.\n\n\nOn March 27, 2009 Maple Leaf announced the signing of three contracts\nfrom its greenhouse operations signed during the month of March for a total\nvalue of Cdn $553,700 (3,045,000 Rmb). The combined value of contracts and LOI\nsigned during March totals Cdn $1,683,700 (9,245,000 Rmb).\n\n\nMr. Raymond Lai, President and CEO comments, "I am pleased to announce\nthis new revenue stream from Maple Leaf's organic fertilizer plant as part of\nour vision to diversify into other environmental businesses".\n\n\nAbout Maple Leaf Reforestation Inc.\n\n\nMaple Leaf is a Canadian company operating four environmental related\nprojects in China:\n\n1. a large-scale forest nursery in Inner Mongolia which is focused on\n growing value-added tree seedlings and alfalfa feedstock alongside\n landscaping and nursery products;\n\n2. a multi-faceted Xinjiang Yellowhorn tree project which will provide\n for the manufacture of bio-diesel fuel and cookin...

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