Poly-Pacific International Inc.
OTC Bulletin Board : PLYPF

Poly-Pacific International Inc.

November 30, 2007 16:00 ET

Poly-Pacific International Inc. Announces a Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2007) - Poly-Pacific International Inc. ("Poly-Pacific" or the "Company") (TSX VENTURE:PMB)(OTCBB:PLYPF)(BERLIN:A0LGDN)FRANKFURT:POZ) announced today that the Company closed a non-brokered private placement ("Private Placement") of units ("Units"), subject to regulatory approval, which raised $281,700. The Company will issue 2,682,857 Units at $0.105 per Unit. Each Unit consists of one common share and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share for a price of $0.14 per share until 5:00 p.m. on that date that is twenty-four (24) months from the closing date.

The Company will pay, in accordance with all regulatory requirements, finder's fees to agents for obtaining subscriptions for Units pursuant to TSX Venture Exchange Policy, and the Units are subject to a four month hold period.

The proceeds of the Private Placement will be used for general working capital purposes.

Poly-Pacific is an innovator in eco-friendly solutions to Industrial waste by-products. The company is actively pursuing the reclamation of industrial polymer fibre throughout North American landfill sites.

This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Poly-Pacific does not assume any obligation to update any forward looking information contained in this news release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Poly-Pacific International Inc.
    Randy Hayward
    (250) 754-4622 or (604) 293-8885
    (604) 293-8234 (FAX)
    Website: www.poly-pacific.com