Maple Leaf Reforestation to Buy KS Assets for C$2 Million

Calgary-based Maple Leaf Reforestation Inc. announced that it has signed an agreement to acquire assets from KS Ecology Canada Inc., a Vancouver-based Yellowhorn plantation company with operations in China. Maple Leaf will acquire three Yellowhorn plantations and nurseries in China, with associated assets, two located in the city of JiaoZuo, Henan Province (80% interest) and one in the city of Beijing, China (100% interest). The additional 20% interest in the Henan assets is owned by the on-site operator of the assets, who is party to a joint-venture arrangement with KS. The Yellowhorn is a local species in China that it is known for its endurance to desert weather and can grow in non-cultivated semi-desert land. The agreement gives Maple Leaf the ability to re-negotiate the joint-venture agreement on the Henan assets or seek to buy-out the 20% partner. Maple Leaf is a company focused on eco-agriculture and renewable technology.