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FTE Forterra Environmental Corp.

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Share Name Share Symbol Market Type
Forterra Environmental Corp. TSXV:FTE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Forterra Announces Bridge Loan

19/06/2008 9:22pm

Marketwired Canada


Forterra Environmental Corp. (Forterra) (TSX VENTURE:FTE) announced that it
intends to borrow $50,000 from a director of the corporation for working capital
purposes.


The loan will become due and payable on July 15, 2008 with interest calculated
at 16% per annum and payable on the due date. Forterra has agreed to issue
70,175 bonus shares to the lender. The bonus shares have a deemed price of
$0.1425 per share. The loan is to be secured against the assets of Forterra and
its subsidiary, Forterra Inc.


Forterra expects to repay the loan with proceeds of a private placement.
Forterra is in discussions with potential investors but the terms of the private
placement have not been settled.


About Forterra Environmental Corp.

Forterra Environmental Corp. is an emerging leader in the production and
marketing of premium organic soil enrichment products. These environmentally
friendly products boost fertility while replenishing the soil with organic
matter, using worm castings, for sustainable, long-term benefits, including
stronger root growth and drought and pest resistance. Forterra is the first
company to commercialize the indoor, large-scale production of totally organic
soil-enrichment products. Forterra uses red wriggler worms to convert organic
waste into vermicompost or worm castings. Worm castings contain micronutrients,
which are required for healthy plant development. Worm castings also contain
microbes, which increase the rate at which plants take up available
macronutrients and micronutrients.


1 Year Forterra Environmental Corp. Chart

1 Year Forterra Environmental Corp. Chart

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1 Month Forterra Environmental Corp. Chart

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