Vancouver, British Columbia--(Newsfile Corp. - May 14, 2014) -
Jemi Fibre Corp. (TSXV: JFI) ("Jemi Fibre" or the "Company") announces that it intends to apply to the TSX Venture Exchange (the "Exchange") to have its common shares resume
trading on the Exchange. Following the resumption of trading, the Company intends to apply to the Exchange to re-price the Company's financing which was previously announced on February 13, 2014 (the "Acquisition Financing"). The
re-pricing is required under the policies of the Exchange due to the Company's announcement on April 25, 2014, subsequent to the February announcement related to the financing, of a significant acquisition related to the purchase of lands and
timber rights. As announced on April 25, 2014, the company anticipates closing the Acquisition Financing, and related acquisitions, in May 2014. The Company may also be subject to the Exchange policies governing reverse takeovers if a significantly dilutive equity financing is arranged in connection with the subject purchase of the lands and timber rights.
ON BEHALF OF THE BOARD OF DIRECTORS
JEMI FIBRE CORP.
"Michael Ainsworth"
______________________
Michael Ainsworth
CEO and President
For further information, please contact:
Brent Lokash, EVP
Tel: 1 604 862-5190
Email: brent.lokash@jemifibre.com
Special Note Regarding Forward-Looking Statements
Certain statements included herein constitute forward-looking statements. The words "expect", "intend", "anticipate", "propose" and "may" and similar expressions identify forward-looking statements. Forward-looking statements include, among other
things, statements regarding future financings, and the development and operation of Jemi Fibre's business. Forward-looking statements are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are
considered reasonable by the management teams of Strata, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks and accordingly may not occur as described herein or at all. Investors are
cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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