MPE - Maple Leaf Reforestation Inc

I'm looking to buy at these levels ( 0.09 )

I had posted last week but it got erased. Looks like a winner here at these prices.

Somethings brewing, up to .18 at one point on good volume

HUGE NEWS LAST NIGHT


Maple Leaf MOU for three JVs with Biodis


2010-03-08 20:18 ET - News Release

Mr. Raymond Lai reports

MAPLE LEAF SIGNS MOU FOR BIO-FUEL JOINT VENTURES

Maple Leaf Reforestation Inc. has signed a memorandum of understanding (MOU) with Biodis Engineering Ireland Ltd., which is a partially owned subsidiary of Biodis Engineering Swiss S.A. This MOU further pursues the relationship Maple Leaf has with Biodis for the securing of feedstock oils for the production of biodiesel. Pursuant to the MOU, Maple Leaf and Biodis will undertake to enter three separate joint venture agreements regarding the following projects:

Installation of one Biodis-made biodiesel plant with a minimum capacity of 7,000 tonnes per year in Zhanjiang city, China (JV No. 1).
Construction of a facility for the collection and crushing of feedstock plants and the gathering of recycled vegetable oil with a capacity of 10,000 tonnes per month in Zhanjiang city, China (JV No. 2).
Acquisition of enough land in different regions of China to grow one type or several types of feedstock plants in order to supply 100,000 tonnes to 150,000 tonnes of feedstock oil per year (JV No. 3).

The MOU has been filed on SEDAR as a material document.

JV No. 1

The following terms will apply to JV No. 1:

A joint venture company will be established in China to operate JV No. 1 (JV company No. 1). Maple Leaf and Biodis will each own 50 per cent of JV company No. 1;
Maple Leaf will loan $250,000 (U.S.) to JV company No. 1. The date that the Maple Leaf loan will be provided to JV company No. 1 will be dependent on its ability to raise the funds through debt or equity;
Biodis will loan all necessary financing for JV No. 1 to JV company No. 1, excluding the amount of the Maple Leaf loan;
Maple Leaf will secure an appropriate site location and will acquire all necessary permitting for JV No. 1. The cost of acquiring such a location and obtaining the permitting will be the responsibility of JV company No. 1;
Maple Leaf and Biodis will share 40 per cent of the net profit generated from JV No. 1 immediately upon realizing such profits, and 60 per cent of the net profit will be used to pay back the Maple Leaf loan and the Biodis loan, in proportional amounts to the total of the loans. Upon full repayment of the loans, Maple Leaf and Biodis will share net profits from JV company No. 1 50:50.

JV No. 2 and JV No. 3

The following terms will apply to JV No. 2 and JV No. 3:

A separate joint venture company will be established in China to operate each of JV No. 2 and JV No. 3 (JV company No. 2 and JV company No. 3). Maple Leaf will own a minimum of 25 per cent of each of JV company No. 2 and JV company No. 3, which will be an ownership interest earned from its efforts to set-up JV No. 2 and JV No. 3;
Biodis will provide all the necessary financing for JV No. 2 and JV No. 3, which may be entirely an equity investment or a combination of an equity investment and a loan to the applicable JV company;
Maple Leaf's ultimate ownership interest in JV company No. 2 and JV company No. 3 will be greater than 25 per cent depending on whether Biodis provides the necessary financing through debt or equity and whether Maple Leaf's efforts to set up JV No. 2 and JV No. 3 warrant a greater-than-25-per-cent ownership interest;
Maple Leaf and Biodis will later agree upon the precise ownership percentages and, if applicable, loan repayment schedules for JV company No. 2 and JV company No. 3, which will be included in each of the respective definitive agreements.

Maple Leaf will be the operator of all of the joint venture projects.

Based on preliminary estimates, Maple Leaf and Biodis anticipate that the three joint venture projects will require combined start-up financing of approximately $30-million (U.S.). The revenue generated from JV No. 1 (biodiesel plant) is estimated to be approximately $5.25-million (U.S.) in the first year of producing 7000 tonnes, based on current biodiesel prices of approximately $750 (U.S.) per tonne. The revenue generated from JV No. 2 (collection and crushing facilities) is estimated to be approximately $55-million (U.S.) to $70-million (U.S.) per year, based on the 100,000-tonne capacity and current feedstock oil prices of $550 (U.S.) per tonne to $700 (U.S.) per tonne. Revenue generated from JV No. 3 (plantation) will be dependent on the type of feedstock oil plants that are cultivated.

Raymond Lai, president and chief executive officer of Maple Leaf, comments: "We are very excited about this opportunity which has MPE back on track to participate in the biodiesel industry, which has been one of our goals for the past few years. If these joint ventures are finalized and implemented successfully they will result in Maple Leaf having a significant ownership interest in valuable Chinese assets, which will be earned, not obtained through monetary contribution. We are very much looking forward to working with Biodis on the previously announced exclusive supply agreement and these joint ventures. Our Chinese connections, experience and resources should mesh well with Biodis's experience in the biofuel industry and its ability to finance large-scale projects."

For more information about Biodis, please see the company's news release in Stockwatch March 1, 2010.

BOUGHT IN HUGE THIS MORNING

reached 20 cents at one point today, not sure why it closed at 16.5 cents other than the tsx was down and some profit taking happened, more news coming this week and the MOU should be signed within 30 days

wonder what will happen tomorow?

.......should i buy some on open?

some ppl were selling from the previous pp but will not last long. another NR is comin soon was told this week. might buy more tomorrow

what NR? would be coming this week?

another nr this week yes

NEWS AFTER CLOSE TONITE OR TOMORROW MORNING

Maple Leaf Signs MOU for Waste Oil Collection and Processing
Maple Leaf Reforestation Inc. ("Maple Leaf" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding with Conserve Oil Corporation (the “MOU”) to establish a waste oil collection and processing facility in China (the “Project”). Pursuant to the MOU, Maple Leaf and Conserve will respectively be responsible for the following:
Conserve
1.Will prepare a business plan and an investment summary for the Project;
2.Will arrange financing for the Project;
3.Will coordinate EDC, EXIMBANK or similar investment insurance for Maple Leaf; and
4.Will provide ongoing technical and operational support, as required.
Maple Leaf

1.Will select a site for the Project in China;

2.Will recommend consultants in China to provide technical and engineering support for the Project;

3.Will provide local partners for collection;

4.Will recommend local suppliers, where appropriate; and

5.Will be the operator of the Project.

The MOU has been filed on www.sedar.com as a “Material Document”.
Project Details

It is anticipated that the Project will initially produce 30,000 tons of recycled diesel oil per year, with a goal of reaching a capacity of 100,000 tons per year. Preliminary estimates indicate that an investment of between $10 million USD to $15 million USD will be required to finance the Project. The recycled oil market in China is quite mature, with such oil presently selling for approximately $750 USD per ton, on average.

About Conserve

Conserve Oil Corporation (“Conserve”) is a private Canadian Corporation. The President and Chief Executive Officer of Conserve is Mr. David Crombie who was recently appointed to Maple Leaf’s Board of Directors. More information about Conserve can be obtained from Maple Leaf’s news release dated February 3, 2010.

Nice !

up 23% today, closed at 21 cents with 1.6 million volume

huge news, now it is from the USA:

MAPLE LEAF SIGNS YELLOWHORN SEEDLING DISTRIBUTION AGREEMENT WITH U.S. ENTITY
3/16/2010 10:42 PM - Canada NewsWire

CALGARY, Mar 16, 2010 (Canada NewsWire via COMTEX News Network) --
(TSX-V: MPE)

Last Close: March 16 - $0.20

Shares Issued: 62,186,627

CALGARY, March 16 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf" or the "Corporation") is pleased to announce that it has signed an exclusive Distribution Agreement for Yellowhorn seedlings (the "Agreement") with Unni Larsgaard Trust ("Unni"). Pursuant to the terms of the Agreement:


<<
- Maple Leaf will supply Yellowhorn seedlings to Unni;

- Maple Leaf will not be permitted to supply Yellowhorn seedlings to
any other purchaser in the U.S.A. unless Unni declines such seedlings
in writing;

- Unni will not be permitted to purchase Yellowhorn seedlings from any
other Chinese vendor or any other party that is acquiring Yellowhorn
seedlings from a Chinese vendor;

- Unni will purchase at least 10 million Yellowhorn seedlings from
Maple Leaf per 12-month period;

- The Agreement will be for a term of four years;

- Unni will not be permitted to terminate the Agreement unless Maple
Leaf becomes unable to supply Yellowhorn seedlings as required by
Unni. Maple Leaf will not be permitted to terminate the Agreement
unless Unni becomes unable to fulfill its obligations as distributor
under the Agreement; and

- Maple Leaf will issue to Unni 200,000 options to purchase common
shares at the Market Price at the time that Unni's first purchase
order is placed, which must include a reasonable deposit as agreed
upon by the parties. Half of the 200,000 options will vest
immediately upon issuance and the other half will vest when Unni has
purchased 10 million Yellowhorn seedlings.
>>

Since execution of the Agreement, Unni has purchased 1,000 Yellowhorn seedlings and 3 kilograms of Yellowhorn seeds, which are presently being prepared for shipment by Maple Leaf from China to the U.S.A. This initial order will provide Unni with a product sample to assess prior to placing more substantial orders. Presently Yellowhorn seedlings can sell for as much as $3.20 per seedling in the U.S.A.

Raymond Lai, President and CEO of Maple Leaf comments, "Being contacted by Unni to act as a provider of Yellowhorn seedlings to U.S. entities is very exciting as it represents our first footprint in the North American bio-diesel industry. Our new relationship with Unni offers a fantastic opportunity for us to realize immediate and meaningful revenue and cash flow."

About Unni

Unni is a Florida based group that acts as a consultant to large agricultural entities and individual farmers that are moving towards producing bio-fuel crops. Unni assists such entities with writing feasibility studies, grant applications and U.S. Department of Agriculture program package applications. Unni's clients include orange growers whose trees are dying from Huan Long Bing, an un-curable Asian citrus disease, who are looking to move to bio-fuel production, investors whom are trying to start bio-fuel plantations in warm weather climates and Indian tribes in the Castor Oil Belt, such as Texas and Oklahoma.

Private Placement

Maple Leaf would also like to report that its Board of Directors has approved a non-brokered private placement of $150,000 of units at $0.15 per unit. Each unit consists of one common share and one common share purchase warrant, with each common share purchase warrant entitling the holder to purchase one common share at an exercise price of $0.25 per common share for a period of two years from the date of issuance.

The private placement is being fully subscribed for by Mr. Raymond Lai and his wife, Mrs. Amanda Lai. No finder's fees will be paid in association with the private placement.

Maple Leaf intends to use the proceeds from the private placement for head office expenses.

The private placement is subject to approval of the TSX Venture Exchange. Common shares sold under the financing will be subject to a four-month hold period.

The MOU with Biodis should be transfered to papers soon, the plan is to sign a defenitive agreement within 1 month from the MOU. I am thinking that we should see some papers done at the first week of April after easter, keep my fingers crossed

Target price: $1.00 in 8-12 months