Trading Symbol: MCV
TORONTO, June 22 /CNW/ - McVicar Resources Inc. ("McVicar") is pleased to
announce that its Chinese subsidiary, Zhejiang Hongbo Chemical Co. Ltd.
("Hongbo") has received an increased purchase order from DuPont of the USA for
one of its main chemical products. The order has increased in size by 165%
from the original order to US $1.78 million. Delivery of the product is
scheduled monthly for the next 10 months. The chemical requested by DuPont is
typically used in polycarbonates, epoxies, adhesives and coatings.
"We are very pleased with the increased interest from a world leading
chemical company," said Dr. Gang Chai, President & CEO of McVicar, "Hongbo
represents an important investment for McVicar. We are pleased to see this
great success early in our relationship with Hongbo."
Zhejiang Hongbo Chemical Co. Ltd. is the wholly owned Chinese subsidiary
of McVicar (Hongkong) Advanced Material Co. Ltd. which is 51% owned by McVicar
through an equity acquisition earlier this year.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Dr. Gang Chai at: 55 University Avenue, Suite
605, Toronto, ON, M5J 2H7, Tel: (416) 366-7420, Fax (416) 366-7421,