Poly-Pacific International Inc.
OTC Bulletin Board : PLYPF

Poly-Pacific International Inc.

June 09, 2009 16:55 ET

Poly-Pacific International Inc. Announces Private Placement Closing

CALGARY, ALBERTA--(Marketwire - June 9, 2009) - 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 a non-brokered private placement, raising gross proceeds of $322,435. The proceeds from the placement will be used for general operating capital. The private placement consisted of the issuance of 8,060,875 units ("Units") at $0.04 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 June 9, 2011. The securities issued under the private placement are subject to a four-month hold period which expires October 10, 2009. In connection with the private placement and in accordance with regulatory requirements, the Company paid an aggregate of $5,500 cash as finder's fees to an arm's length party. The TSX Venture Exchange has conditionally accepted the private placement and finder's fees.

Poly-Pacific is an innovator in eco-friendly solutions to Industrial Waste by-products. We are actively and successfully pursuing the reclamation of industrial polymers throughout the world. The significance and importance of recycling and reclaiming industrial waste has become an important global issue. At Poly-Pacific, we are focused on benefiting our planet by exploring and pursuing new environmentally sound methods and technologies in recycling, while creating significant value for our shareholders as the leading company in the reclamation sector.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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