Vancouver, British Columbia--(Newsfile Corp. - November 17, 2014) - Jemi Fibre Corp. (TSXV: JFI) ("Jemi Fibre" or the
"Company") announces that it has agreed to borrow an additional $1,500,000 under
Facility B of the $30,000,000 credit facility previously announced on August 27,
2014. The Company intends to use the additional funds for working inventory
purposes.
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 wood preserving facility in Cranbrook 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, statements regarding
future financings, financial forecasts 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 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.
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