VANCOUVER, B.C. / ACCESSWIRE / July 25, 2014 / Jemi Fibre Corp. (TSX-V: JFI) (“Jemi Fibre” or the "Company”) announces that is not proceeding with the non-brokered private placement to sell up to 4,166,667 units at a price of $0.24 per unit previously announced on June 27, 2014. The Company has also completed the shares for debt exchange previously announced on May 23, 2014. Pursuant to the exchange, the Company issued 1,057,179 common shares to certain management of the Company in exchange for the elimination of $198,221.20 in debt owed by the Company. Upon completion of the exchange, the Company has 47,852,480 common shares issued and outstanding.
ON BEHALF OF THE BOARD OF DIRECTORS
JEMI FIBRE CORP.
Michael Ainsworth
CEO and President
For further information, please contact:
Brent Lokash, EVP
Tel: 1 604 862-5190
Email: [email protected]
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.
Source: Jemi Fibre Corp.