Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Jemi Fibre Corp. Announces Purchase of Additional Land

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2014) - Jemi Fibre Corp. (TSXV: JFI) ("Jemi Fibre" or the "Company") is pleased to announce it has reached an agreement to purchase, for $1.7 million, additional private timberlands from Tembec adjacent to the approximately 49,500 hectares of timberlands the Company acquired from Tembec as previously announced on April 25, 2014, June 25, 2015 and September 16, 2014. The agreement provides for closing to occur in December, 2014 and closing is subject to the Company obtaining adequate financing and other customary conditions. There can be no assurance that the transaction will be consummated in whole or in part.

ON BEHALF OF THE BOARD OF DIRECTORS
JEMI FIBRE CORP.

"Mike Jenks"
______________________
Mike Jenks
CEO

For further information, please contact:

Brent Lokash, President
Tel: 1 604 428-1075
Email: brent.lokash@jemifibre.com

About Jemi Fibre

Jemi Fibre is a British Columbia based forest products company which trades on the TSX Venture Exchange under the symbol JFI. Jemi Fibre's operations consist of a full service contract logging division, with operations in Mackenzie and Cranbrook, a sawmill located in Edgewater producing high value lumber products, a manufacturing facility in Cranbrook producing pressure treated posts, rails and lumber for agricultural and industrial use and private timberlands located in the Kootenay region.

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, such risks, uncertainties and other factors set forth under "Risk Factors" in the Company's current MD&A filed with the British Columbia Securities Commission. 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 Jemi, 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.



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today