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)