Poly-Pacific International Inc.
OTC Bulletin Board : PLYPF

Poly-Pacific International Inc.

March 06, 2008 14:08 ET

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

CALGARY, ALBERTA--(Marketwire - March 6, 2008) - Poly-Pacific International Inc. (the "Company") (TSX VENTURE:PMB)(OTCBB:PLYPF)(BERLIN:A0LGDN)(FRANKFURT:POZ) announced today it intends to proceed with a non-brokered private placement offering of up to 2,500,000 units ("Units") at a subscription price of $0.08 per Unit for gross proceeds of up to $200,000. Each Unit will consist of one (1) common share in the capital of the Company and one (1) common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share for a price of $0.15 for a period of twenty four (24) months from closing. The Company intends to close the private placement on Monday, March 10, 2008.

The private placement will be conducted in reliance upon certain prospectus and registration exemptions. The net proceeds from the placement will be used for general working capital purposes.

The Company may 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 will be subject to a four month hold period.

Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

Poly-Pacific International Inc. 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.

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

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