International Barrier Technology Amended Private Placement
(firmenpresse) - WATKINS, MN -- (Marketwire) -- 01/13/12 -- International Barrier Technology Inc. (TSX VENTURE: IBH) (OTCBB: IBTGF) announces that further to its news release dated December 19, 2011, the Company has amended the terms of its private placement pursuant to which lenders will loan up to $500,000 to the Company in consideration for convertible debentures.
Each convertible debenture will be convertible into a unit of the Company at a price of $0.10 per unit, with each Unit consisting of one common share and one common share purchase warrant of the Company. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 2 years from the date of conversion at a price of $0.10 per share.
The private placement is subject to TSX Venture Exchange acceptance.
International Barrier Technology Inc. develops, manufactures, and markets proprietary fire-resistant building materials branded as LP® FlameBlock® Fire-Rated OSB Sheathing and Mule-Hide FR Deck Panel. Barrier's award-winning fire-resistant wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. The panels exceed "model" building code requirements in every targeted fire test and application, and are unique in combining properties that increase panel strength and minimize environmental and human impact. Barrier's family of products provides customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. For more information please visit .
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.
For more information, contact:
Michael D. Huddy
President, CEO
International Barrier Technology, Inc.
International Barrier Technology Inc.
North America Toll Free: 1-866-735-3519
Email:
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Datum: 13.01.2012 - 19:24 Uhr
Sprache: Deutsch
News-ID 104069
Anzahl Zeichen: 0
contact information:
Town:
WATKINS, MN
Kategorie:
Forest and Paper Products
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