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Marketwire - Plastics and fibers
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Poly-Pacific International Inc. Announces Debt Settlement
CALGARY, ALBERTA--(Marketwire - Dec. 31, 2008) - Poly-Pacific International Inc. ("Poly-Pacific" or the "Company") (TSX VENTURE:PMB)(OTCBB:PLYPF)(BERLIN:A0LGDN)(FRANKFURT:POZ) is pleased to announce that on December 31, 2008 it settled outstanding indebtedness of $89,000 through the issuance of common shares of the Company ("Common Shares") at deemed prices of $0.03 per Common Share and $0.05 per Common Share (the "Debt Settlement"), subject to TSX Venture Exchange final approval. The outstanding debt is comprised of management fees and consulting fees. A total of 2,626,667 Common Shares were issued under the Debt Settlement. The Common Shares are subject to a four month hold period that expires on May 1, 2009.
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Dow Chemical Faced With Some Tough Decisions Moving Into the New Year, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwire - December 31, 2008) - Researched by Industrial Info Resources
(Sugar Land, Texas) -- The announcement early this week of Kuwait's
state-run Petrochemical Industries Company (PIC) canceling plans for a
major joint venture with The Dow Chemical Company (NYSE:DOW) (Midland,
Michigan) makes for the second large deal cancellation this month in the
Chemical Processing Industry. The announcement came as a surprise to many
and immediately raised questions about how, or if, Dow will modify its
planned $15.3 billion purchase of Rohm & Haas Company (NYSE:ROH)
(Philadelphia, Pennsylvania). The cancellation also raises concerns for the
fate of Dow's immediate capital budget and spending plans for 2009.
Industrial Info is currently tracking more than $1.2 billion in future
capital and maintenance spending planned by Dow for 2009 or beyond as part
of our Projects Da
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Poly-Pacific International Inc. Announces a Non-Brokered Expedited Private Placement & Option Grant
CALGARY, ALBERTA--(Marketwire - Dec. 24, 2008) - Poly-Pacific International Inc. ("Poly-Pacific" or the "Company") (TSX VENTURE:PMB)(OTCBB:PLYPF)(BERLIN:A0LGDN)(FRANKFURT:POZ) announced today that it has completed the closing of an expedited private placement, raising gross proceeds of $368,372, subject to TSX Venture Exchange final acceptance. The proceeds from the placement will be used for general operating capital. The private placement consisted of the issuance of 12,279,064 units ("Units") at $0.03 per Unit. Each Unit consisted of one common share and one common share purchase warrant ("Warrant"). The Warrants are exercisable at a price of $0.10 for the first 12 months from the date of issuance thereof, and at a price of $0.20 for the next 12 months, and will expire December 24, 2010. The securities issued under the private placement are subject to a four-month hold period which expires April 25, 2009. The Corporation paid Finder's Fees of $12,547.20 to an arm's length party in c
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