TSX-V: MPE Last Close: February 20, 2008 - $0.405 Shares Issued: 56,082,327
CALGARY, Feb. 20 /CNW/ - Maple Leaf Reforestation Inc. (TSX Venture - MPE) ("Maple Leaf" or the "Company") today announced that, subject to TSX Venture Exchange approval, Maple Leaf has retained CHF Investor Relations (Cavalcanti Hume Funfer Inc.); Canada's longest established investor relations firm.
CHF will provide investor relations services for an initial period of twelve months ending February 14, 2009. Maple Leaf may elect to continue with CHF thereafter which, in that case, cancellation by either party requires three months' notice. CHF will be paid a monthly fee of $6,000 plus allowable disbursements from Maple Leaf's working capital. Additionally, it is agreed that CHF will receive incentive stock options on engagement, subject to Board and regulatory approvals, an aggregate of 806,000 common shares exercisable over a three-year period from grant as follows: 403,000 options at an exercise price of $0.75 per share; and 403,000 options at an exercise price of $1.25 per share.
Raymond Lai, President and CEO of Maple Leaf commented that "China has made serious commitments to stem the disturbing tide of environmental issues arising from pollution and desertification. Our Company has shown the government agencies that we can positively contribute to their reforestation initiatives by providing top quality, value added nursery seedlings and modern tree growing technology. From their feedback, we believe Maple Leaf has an opportunity to grow rapidly in China and CHF Investor Relations is going to help to ensure that the investment and financial communities in Canada take notice."
About CHF Investor Relations
CHF's niche role is acting as a public company's outsourced, low-cost equivalent to an internal investor relations department. With Canadian offices in Toronto and Calgary, and international offices in Sao Paulo, Brazil, and Shanghai, China, CHF serves an international portfolio of TSX/Venture-listed companies, and others seeking to list on the TSX, that operate in a broad range of industries including niche financial products, business and industrial solutions, oil & gas, mining exploration and producers, telecommunications and high-tech.
About Maple Leaf Reforestation Inc.
Maple Leaf is a large-scale forest nursery operator whose primary focus is growing value added tree seedlings in China, identified as a critical component for managing China's environmental issues, as well as providing landscaping and nursery products. Maple Leaf currently has over 6,000,000 various types of seedlings under cultivation inside its 110,000 square foot greenhouse or within its nursery growing facility.
Maple Leaf is a wholly-owned foreign enterprise ("WOFE"), which allows Maple Leaf to control 100% of the direction and operations of the company in China while permitting the cash generated from operations in China to flow back to Canada.
Should you wish to receive Company news via email, please email catarina@chfir.com and specify "Maple Leaf Reforestation Inc." in the subject line or contact the Company directly.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the China's seedling industry; business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; seedling product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive there from. Subject to applicable law, Maple Leaf disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
All forward-looking statements contained in this document are expressly qualified by this cautionary statement. Further information about the factors affecting forward-looking statements is available in other disclosure documents of Maple Leaf which have been filed with Canadian provincial securities commissions and are available on www.sedar.com.