Vancouver, British Columbia--(Newsfile Corp. - November 13, 2015) - Jemi Fibre Corp. (TSXV: JFI) ("Jemi Fibre") is pleased to announce it has entered into a 50/50 joint partnership with Fernie Wilderness Adventures Inc. ("FWA"), one of British Columbia's premier outdoor adventure operations.
FWA is a full service outdoor adventure resort specializing in backcountry snow-cat skiing and boarding, and guided fishing and wildlife tours that was established in 1986 by Kim and Deb Sedrovic. FWA is located on a portion of Jemi Fibre's private timberlands near Fernie, British Columbia, an internationally renowned mountain town famous for its beautiful wilderness and recreational sporting activities.
Under the terms of the partnership, the parties will jointly own FWA, which will operate under a long-term lease on Jemi Fibre's lands, and the Sedrovics will continue to operate the business in the regular course. In addition, the parties intend to utilize Jemi Fibre's road building, forestry expertise and equipment, in connection with Jemi Fibre's ongoing operations on its lands, to enhance FWA's snow-cat skiing and boarding.
"I am extremely happy with our new partnership with Jemi Fibre," Kim Sedrovic commented. "They share our vision and will provide the stability and resources to enhance our operations and take the FWA business to the next level."
Mike Jenks, CEO of Jemi Fibre, said, "We recognize that our timberlands provide social and economic value to communities and businesses for many types of uses. Our goal is to maintain and enhance these opportunities wherever possible. With our FWA partnership, we look forward to growing the business and generating additional long-term value from our private timberlands."
For further information, please contact:
Brent Lokash, President
Tel: 1 604 428-1075 ext: 200
Email: brent.lokash@jemifibre.com
About Jemi Fibre
Jemi Fibre is a Western Canadian based forest products company which trades on the TSX Venture Exchange under the symbol JFI. Jemi Fibre's operations consist of timber ownership and management of private timberlands and Crown forest licenses, full service logging and trucking operations, post-peeling and wood treatment operations for the agricultural market and specialty lumber manufacturing. The Company's head office and principal place of business is located at 1110-1111 West Georgia Street, Vancouver, British Columbia, Canada.
About Fernie Wilderness Adventures
FWA is a full service outdoor adventure resort specializing in backcountry snow cat-skiing, guided fishing and wildlife tours. Operating for over 25 years, FWA specializes in entertaining guests on some of British Columbia's most pristine, powder choked runs. Along with its other year-round, exceptional guided fishing and wilderness tour activities, FWA has one goal in mind - provide a unique outdoor experience in a relaxed, casual atmosphere, where guests enjoy the outdoors in the great Canadian Rocky Mountains.
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 Fibre, 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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