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JER Envirotech: Loans and Convertible Debt
Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
JER Envirotech International Corp. is pleased to announce that, further to its news release dated January 7, 2009, it has received final TSX Venture Exchange acceptance and shareholder approval with respect to the settlement of $4.15 million of loans and convertible debt.
The Company has issued 41,498,490 common shares at a price of $0.10 per share and the debt is now extinguished.
The issuance of common shares to Tregassa Limited in connection with the settlement of outstanding debt has resulted in Tregassa Limited holding greater than 20% of the Company’s issued and outstanding shares.
About JER Envirotech International Corporation
JER is a global supplier of thermoplastic biocomposite compounds and sheeting. The Company's patented technology utilizes waste or by-product materials, such as wood fibre or rice hulls, to produce environmentally-friendly alternative products for applications in the construction, transport, automotive and toy industries. The Company currently has a range of biocomposite formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.
JER is publicly-traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB".
For more information, please visit www.jerenvirotech.com or contact:
JER Envirotech International
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
[email protected]
JER Envirotech International Corp. is pleased to announce that, further to its news release dated January 7, 2009, it has received final TSX Venture Exchange acceptance and shareholder approval with respect to the settlement of $4.15 million of loans and convertible debt.
The Company has issued 41,498,490 common shares at a price of $0.10 per share and the debt is now extinguished.
The issuance of common shares to Tregassa Limited in connection with the settlement of outstanding debt has resulted in Tregassa Limited holding greater than 20% of the Company’s issued and outstanding shares.
About JER Envirotech International Corporation
JER is a global supplier of thermoplastic biocomposite compounds and sheeting. The Company's patented technology utilizes waste or by-product materials, such as wood fibre or rice hulls, to produce environmentally-friendly alternative products for applications in the construction, transport, automotive and toy industries. The Company currently has a range of biocomposite formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.
JER is publicly-traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB".
For more information, please visit www.jerenvirotech.com or contact:
JER Envirotech International
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
[email protected]