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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 Environmental Corp. Announces $2.502 Million Private Placement

27/06/2008 8:40pm

Marketwired Canada


Forterra Environmental Corp. (Forterra) (TSX VENTURE:FTE) announced that it has
agreed to engage Euroglobal Capital Partners Inc. to act as agent (the "Agent")
for a private placement of up to 16,680,000 units at $0.15 per unit, for total
proceeds of up to $2,502,000. Each unit will consist of one common share and
one-half of one common share purchase warrant. The common share purchase
warrants are exercisable for 24 months following closing at an exercise price of
$0.25 each.


The proceeds of the private placement will be used for working capital purposes.
The closing of the private placement is expected to take place on July 8, 2008
and is subject to regulatory approval.


As part of its remuneration, the Agent will receive warrants to purchase units
equal to 7% of the units issued under the offering. Those warrants are
exercisable at $0.15 each for a period of 24 months following closing.


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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