Wednesday, 14 March 2007

JER Announces Private Placement

JER annouced a $2.1 million private placement financing this morning. The financing will consist of 3,500,000 units at $0.60 per unit (each unit consisting of one common share plus one half of a common share purchase warrant priced at $0.70 at a period of 12 months from closing). Net proceeds from the private placement will be applied towards marketing the company’s JERtech™ wood-thermoplastic composite compounds and panel boards and for working capital. Click here for the full release.

For more information about this financing or if you wish to participate, please contact the Howard Group.