News
Maple Leaf Announces Executive Changes
(TSX-V: MPE)Last Close: December 21, 2011 - $0.04
Shares Issued: 80,682,875
Effective Dec. 22, 2011, Alex Cheung has resigned from his positions as a Director and Chief Financial Officer of Maple Leaf Reforestation Inc. in order to focus on running his accounting practice. Subject to approval by the TSX Venture Exchange, Mr. Cheung's departure will be filled with the appointment of Jeff Kong as a Director and Chief Financial Officer of Maple Leaf. Mr. Raymond Lai, CEO thanks Mr. Cheung for his commitment to Maple Leaf during his tenure and welcomes Mr. Kong to the board and to his new role as Maple Leaf's Chief Financial Officer.
Mr. Kong is a Chartered Accountant, having graduated from the University of British Columbia, with an accounting major in 2007, and subsequently obtaining his Chartered Accountant designation in 2009. Mr. Kong has gained international educational and business experience from spending a semester of his schooling at Jiao Tong University in Shanghai and from working at Trang Nong in Hanoi, one of Vietnam's largest importers of agricultural products. Mr. Kong was previously a manager with Enns & Co. LLP in Calgary, focusing on completing issuer audits, preparing issuer financial statements, recommending and assisting with the implementation of accounting and reporting strategies and methodologies to maximize the quality and efficiency of financial reporting, and ensuring issuer compliance with Canadian GAAP (generally accepted accounting principles) and IFRS (international financial reporting standards) convergence. Since July, 2010, Mr. Kong has been operating his accounting practice independently, with a focus on working with clients to implement appropriate accounting procedures, systems and internal controls, as well preparing IFRS-compliant financial statements.
Maple Leaf Reforestation Inc.
Raymond Lai, Chairman, President & CEO
Tel: +1 (403) 668-7560
Fax: +1 (403) 250-2534
E-mail: rlai@mlreforestation.com
About Maple Leaf Reforestation Inc.
Maple Leaf is a Canadian company that focuses in the environmental industry with 2 main operating arms:
- Eco-Agriculture - it operates a large-scale nursery business in Inner Mongolia, China that is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification.
- Renewable Energy - it is undertaking to commence a Yellowhorn seedling and tree operation which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.
For further information regarding Maple Leaf Reforestation Inc., visit www.mlreforestation.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the China's seedling industry; business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; government and regulatory developments; seedling product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive there from.
Maple Leaf maintains a forward-looking statement database which is reviewed by management on a regular basis to ensure that no material change has occurred with respect to such forecasts. The Company will publicly disclose such material changes to its forward-looking statements as soon as they are known to management.