CanFibre Closes Financing on Lackawanna MDF Facility.TORONTO--(BUSINESS WIRE)--Jan. 4, 1999--CanFibre Group(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. :CFGL CFGL Community Foundation of Greater Lakeland (Lakeland, FL) CFGL Configuration List .) The CanFibre Group Ltd. (CFGL: Canadian Dealing Network) and Kafus Environmental Industries Ltd. (American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , symbol - KS, Frankfurt and Berlin Stock Exchanges, symbol - KAF KAF Kandahar Airfield (Afghanistan) KAF Kuwait Air Force KAF Kenya Air Force KAF Kyrgyz Air, Kyrgyzstan (ICAO code) ) are pleased to announce that on December 31, 1998, financing of US$135 million closed for the construction of CanFibre's Lackawanna, NY medium density fiberboard fi·ber·board n. A building material composed of wood chips or plant fibers bonded together and compressed into rigid sheets. Noun 1. (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. ) plant. Structure of the financing will be forthcoming. CanFibre engages in the worldwide development of manufacturing plants to produce high quality medium density fiberboard (MDF) from 100 percent recycled dry waste without using conventional urea formaldehyde resins. CanFibre MDF is North America's first "green" panelboard and is produced from materials normally deposited into landfills. Shares outstanding: 36.6 million The foregoing contains forward-looking statements which are subject to contingencies and uncertainties. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could prove to be inaccurate. Actual events, transactions, and results may differ materially from anticipated events, transactions or results described in such statements. Material uncertainties about the future of the company exist. There can be no assurance that funding will be obtained for the proposed facilities, or that they will be constructed or operated as contemplated, or that the market for the products of any facilities will be as assumed. Kafus is subject to a number of risks and uncertainties which are set forth in its filing, with the Securities Exchange Commission. |
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