ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

FTE Forterra Environmental Corp.

0.00
0.00 (0.00%)
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


Forterra Environmental Corp. (TSXV:FTE)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Forterra Environmental Corp. Charts.

TORONTO, ONTARIO (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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Forterra Environmental Corp. Donald Green Chairman and Chief Executive Officer (905) 634-8647 Email: green@forterra.com

1 Year Forterra Environmental Corp. Chart

1 Year Forterra Environmental Corp. Chart

1 Month Forterra Environmental Corp. Chart

1 Month Forterra Environmental Corp. Chart

Your Recent History

Delayed Upgrade Clock