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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jer Envirotech International Corp Com Npv | TSXV:JER | 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 | - |
From Sep 2019 to Sep 2024
Edward Trueman, President of JER, stated the following in connection with the settlement, "The removal of substantially all of our debt would significantly strengthen our balance sheet, reduce drain on available cash, and allow JER to attract fresh working capital for support of a strong order book."
The settlement is subject to entering into formal agreements with each participating creditor, as well as the approval of the TSX Venture Exchange, and if required, shareholder approval. In addition, the Company has agreed to seek Exchange approval to repricing warrants previously issued to finders in connection with the debt as compensation for their services in connection with the settlement proposal.
About JER Envirotech International Corporation
JER is a global supplier of thermoplastic biocomposite compounds and sheeting. The Company's patented technology utilizes waste or by-product materials, such as wood fiber or rice hulls, to produce environmentally-friendly alternative products for applications in the construction, transport, automotive and toy industries. The Company currently has a range of biocomposite formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.
JER is publicly-traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB."
For more information, please visit www.jerenvirotech.com or contact:
JER Envirotech International Corporation Mr. Ji Yoon Chief Financial Officer International: +1 (604) 940-9262 jyoon@jerenvirotech.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Distributed by Filing Services Canada and retransmitted by Marketwire
Contact: Mr. Ji Yoon Chief Financial Officer International: +1 (604) 940-9262 Email Contact Email: Email Contact Website: www.jerenvirotech.com
1 Year Jer Envirotech International Corp Com Npv Chart |
1 Month Jer Envirotech International Corp Com Npv Chart |
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