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E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE |
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MAPLE LEAF ENGAGES SAGE STONE |
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CALGARY, ALBERTA, Apr. 15 -/E-Wire/--
Maple Leaf Reforestation Inc. (TSX Venture - MPE) ("Maple Leaf" or the "Company") is pleased to announce that it has engaged the services of Sage Stone (Canada) Inc ("Sage Stone"). The engagement of Sage Stone was a necessary step for Maple Leaf to commence with listing on the Frankfurt Stock Exchange (FSE).
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The Consulting Agreement (the "Agreement") is for a term of nine (9) months. Pursuant to the Agreement Maple Leaf will issue to Sage Stone 100,000 shares for service; 20,000 initially, and 10,000 on each month anniversary of the execution of the Agreement. Maple Leaf will also issue to Sage Stone 350,000 options of the Company at an exercise price of $0.75 exercisable for three years. All shares and options issued under the Agreement are subject to a four month hold period. Sage Stone will also be entitled to additional compensation if it is able to successfully assist the Company with closing a private placement in Germany.
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Raymond Lai, Chairman, President & CEO of Maple Leaf Reforestation comments: "Sage Stone's expertise in the renewable energy sector will assist in forming new strategic relationships and create new business and revenue opportunities. Sage Stone's introductory services and corporate finance advice will assist with Maple Leaf's projected rapid growth. Sage Stone has a unique ability to bring expertise in both renewable energy strategies and opportunities while helping guide our corporate finance strategy."
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About Sage Stone LLC.
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Sage Stone provides a wide range of consultancy and advisory services in the area of green and renewable technologies and energy. Through its offices in the US and Canada it works with every stage of the sector from supporting new technologies to large scale energy/power projects. Services include technology selection/evaluation, M&A, and corporate finance/investment banking. Sage Stone's corporate advisory services cater to both investors and investees.
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For further information regarding Sage Stone LLC., visit www.sagestonellc.com or contact:
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Sage Stone Jim Ross: Partner Tel: ( 403) 660 8659 Fax: (403) 281 1571 E-mail: JIMR@sagestonellc.com
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About Maple Leaf Reforestation Inc.
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Maple Leaf is a Canadian company operating a large-scale forest nursery whose primary focus is growing value added tree seedlings in addition to providing landscaping and nursery products in China. Reforestation has been identified as a critical strategy to help manage China's troubling environmental issues, namely pollution and desertification. Maple Leaf currently has over 6 million varieties of seedlings under cultivation at its nursery facility that includes a 110,000-square foot greenhouse located in Liang Cheng, Inner Mongolia, China. 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. For further information regarding Maple Leaf Reforestation Inc., visit www.mlreforestation.com or contact:
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Maple Leaf Reforestation Inc. Raymond Lai, Chairman, President & CEO Tel: +1 (403) 668-7560 Fax: +1 (403) 250-2534 E-mail: rlai@mlreforestation.com
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CHF Investor Relations - Toronto Catarina Cerqueira, Associate Account Manager Christopher Haldane, Account Manager Tel: +1 (416) 868-1079 ext. 251 Tel: +1 (416) 868-1079 ext. 237 Email: catarina@chfir.com Email: chris@chfir.com
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CHF Investor Relations - Shanghai Tel: +86 (0)21 28909034
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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.
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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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.
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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.
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/SOURCE:
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Maple Leaf Reforestation Inc. |
-0-
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04-15-2008 |
/CONTACT:
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Maple Leaf Reforestation Inc.
Raymond Lai, Chairman,
President & CEO
Tel: +1 (403) 668-7560
Fax: +1 (403) 250-2534
E-mail: rlai@mlreforestation.com
CHF Investor Relations -
Toronto Catarina Cerqueira,
Associate Account Manager
Tel: +1 (416) 868-1079 ext. 251
Email: catarina@chfir.com
Christopher Haldane,
Account Manager
Tel: +1 (416) 868-1079 ext. 237
Email: chris@chfir.com
CHF Investor Relations -
Shanghai
Tel: +86 (0)21 28909034 |
| /WEB SITE: |
http://www.mlreforestation.com
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