Business
Maple Leaf makes shipments and receives revenue in September
Maple Leaf makes shipments and receives revenue in September
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\nOct. 12, 2009 (Canada NewsWire Group) -- CALGARY, Oct. 12 /CNW/ -- Maple Leaf Reforestation Inc. (\"Maple Leaf\" or the \"Company\") is pleased to announce that it has received revenue for the month of September totaling approximately $156,135 Cdn (983,652 Rmb). The revenue was received in connection with the following:Inner Mongolia Greenhouse-------------------------In September the Company shipped 498,960 Blue Spruce seedlings at a purchase price range of approximately $0.19-0.29 Cdn (1.20-1.80 Rmb) for total revenue of approximately $131,706 Cdn (829,752 Rmb). The seedlings were shipped to various non-contracted customers in Kekouban Village, the town of Yulin, the city of Huhehaote and the town of Yangbai, all in the province of Shanxi.Hunan Organic Fertilizer Plant------------------------------In September the Company shipped 64 tons of fish meal at a purchase price of approximately $382 Cdn (2,405 Rmb) per ton for total revenue of approximately $24,142 Cdn (153,900 Rmb). The fish meal was shipped to various non-contracted customers in the Guangxi Region.Xinjiang Alfalfa Operation--------------------------No alfalfa shipments were made during the month of September, as the Company was accumulating working capital to purchase the necessary raw materials. Funds were sent to the Alfalfa Operation upon closing of the Company's recent convertible debenture private placement.Raymond Lai, President & CEO of Maple Leaf comments, \"We have now closed and received final approval for our convertible debenture private placement, which was excitingly oversubscribed. The funds from this offering will finally allow us to ramp-up and reap the benefits of our Alfalfa Operation. In addition, some of the funds will be used to grow our production at the Organic Fertilizer Plant. We are very much looking forward to having all three of our operations contributing meaningfully to our revenue production.\"About Maple Leaf Reforestation Inc.Maple Leaf is a Canadian company operating four environmental related projects in China:1. a large-scale forest nursery in Inner Mongolia which is focused ongrowing value-added tree seedlings and alfalfa feedstock alongsidelandscaping and nursery products;2. a multi-faceted Xinjiang Yellowhorn tree project which will providefor the manufacture of bio-diesel fuel and cooking oil and complementthe fabrica...