CanFibre Appoints Bank of Tokyo Financial Resources Inc. as Financial Advisors for Funding of Proposed California MDF Plant.TORONTO--(BUSINESS WIRE)--Jan. 30, 1996-- The CanFibre Group (CanFibre) is pleased to announce that it has executed an advisory agreement with the Bank of Tokyo Financial Resources Inc. (BOT) for their assistance in structuring and arranging debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , together with the arranging of required documentation in connection with CanFibre's proposed Medium Density Fibreboard fibreboard Noun a building material made of compressed wood Noun 1. fibreboard - wallboard composed of wood chips or shavings bonded together with resin and compressed into rigid sheets fiberboard, particle board facility to be located in the greater Los Angeles, California area. This advisory agreement duplicates an existing agreement between CanFibre and BOT relative to CanFibre's proposed MDF (1) (Main Distribution Frame) A wiring rack that connects outside lines with internal lines. It is used to connect public or private lines coming into the building to internal networks. facility to be developed in upper New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of state near Buffalo. BOT have been assisting CanFibre and advising them relative to the greater Los Angeles development since inception of the project. The agreement executed today now formalizes the relationship. CanFibre engages in the development of manufacturing plants capable of producing high quality wood panel products such as medium density fibreboard (MDF) from 100 per cent recycled dry waste. CanFibre MDF is North America's first "Green" panel board. It is produced from materials normally dumped in landfills without the use of conventional Urea Formaldehyde resins, a growing environmental concern for current MDF producers worldwide. The common shares of CanFibre are quoted on the Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. , symbol - CFGL CFGL Community Foundation of Greater Lakeland (Lakeland, FL) CFGL Configuration List . The Canadian Dealing Network neither approves nor disapproves the contents of this News Release. CONTACT: CanFibre 1-800-661-0288 or e-mail canfibre@cyberstore.ca |
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