CALGARY, ALBERTA -- (Marketwire) -- 03/13/13 -- Maple Leaf Green World Inc. (TSX VENTURE: MGW) ("Maple Leaf") announces that it has signed a 1-year exclusive agency agreement with High Brix Manufacturing Inc of Alberta, Canada ("High Brix") and Soil Works LLC of South Dakota, U.S.A. ("Soil Works") to market their products in China.
High Brix is a privately owned company that was formed to blend and develop high quality phosphate products. The focus of the program and product line is to increase the nutrient density of food. With research and theories based in the Biological ionization of Dr. Carey Reams, the process consists of several important steps to flocculate soil, re-establish microbial life and function and ensure homogenized energy flow in the soil. Use of clean minerals, free from excess salts, heavy metals and unneeded fillers is a key component to product selection and development. All of High Brix's products have been formulated and blended to ensure the end product is efficient, biologically friendly and contain no unneeded minerals or additives.
Soil Works is a manufacturer of a superior Calcium product that meets and exceeds the average criteria, and it is a perfect match to HB's phosphate products in meeting the goals of soil flocculation, increased plant health and superior food quality. Soil Work's website is www.gsrcalcium.com. Unlike any product currently on the market, Genesis Soil Rite Calcium is designed to attack and correct the cause of the problem rather than reacting only to the symptoms. Throughout the world, Soil Works stands confident in knowing that the addition of calcium is the only solution to a wide source of soil problems, including fungi, weeds, insects, pH, drought and plant sugars in plants. The growth, health and productivity of all plants is determined by the balance and interaction of many nutrients. Calcium's role is to use its electrical power to assist other minerals for an overall healthy soil that produces quality food.
High Brix and Soil Works products are currently being used in 44 U.S. States, 8 Provinces in Canada and in 15 different countries outside of North America.
Given that China's soil generally lacks phosphate and calcium, especially in the high semi-desert area in Northern China, High Brix and Soil Works products are a perfect match with Maple Leaf's vegetable and reforestation projects. After the tree and vegetable seeds are germinated with Maple Leaf's peat moss method, these products will help to speed up the growth and quality of the trees and vegetables. Maple Leaf has already received several inquiries from both the private and government sectors in China regarding using these products.
Convertible Debenture & Unit Financings
Maple Leaf also announces that subject to TSXV approval, it has closed a $50,000 convertible debenture financing with the principal of High Brix (the "Debenture"). The Debenture is for a term of 6 months, is convertible into common shares of Maple Leaf at any time during the term at a price of $0.10 per common share and will pay 10% interest (on an annualized basis) upon maturity. No finder's fees will be paid in connection with the issuance of the Debenture. Maple Leaf intends to use the proceeds from the issuance of the Debenture for general working capital purposes.
In addition, Maple Leaf's board of directors has approved a non-brokered private placement of up to 4,000,000 units ("Unit") at a subscription price of $0.025 per Unit for potential gross proceeds of $100,000. Each Unit will consist of one common share of Maple Leaf and one common share purchase warrant, exercisable into one common share of Maple Leaf at a price of $0.05 for the first year following closing and $0.10 for year's two to five following closing. Maple Leaf may pay a finder's fee in connection with the issuance of Units to qualified persons who introduce individuals to Maple Leaf who subscriber for Units. Maple Leaf is undertaking efforts to issue the Units at the price of $0.025 per Unit pursuant to a temporary exemption granted to issuers by TSX Venture Exchange (the "TSXV") until April 30, 2013. The temporary exemption permits issuers to raise capital at a subscription price below $0.05 if the issuer meets certain requirements. As required by the temporary exemption, Maple Leaf intends to provide a detailed breakdown of the use of proceeds from issuing the Units upon announcing the closing details. The issuance of Units remains subject to receipt of approval from the TSXV.
The Debenture and Units will be offered pursuant to exemptions from prospectus requirements of applicable securities legislation. All common shares issued pursuant to conversion of the Debenture will be subject to a four month hold period from the date of closing. Securities issued through the issuance of Units or from the exercise of warrants that comprise the Units will be subject to a four month hold period from the date of closing.
For further information regarding Maple Leaf Green World Inc., visit www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a Canadian company that focuses in the environmental industry with 2 main operating arms:
1. Eco-Agriculture - it operates a large-scale nursery business in Inner Mongolia, China that is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification.2. Renewable Energy - it is undertaking to commence a Yellowhorn seedling and tree operation which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.
Maple Leaf is a wholly-owned foreign enterprise which allows the Corporation 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.
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.
Maple Leaf maintains a forward-looking statement database which is reviewed by management on a regular basis to ensure that no material change has occurred with respect to such forecasts. The Company will publicly disclose such material changes to its forward-looking statements as soon as they are known to management.
Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Maple Leaf Green World Inc.
Chairman, President & CEO
+1 (403) 668-7560
+1 (403) 250-2534 (FAX)