Cathay Forest raises $3,000,000

Cathay Forest Announces Initial Closing of Private Placement Financing - approximately $3,000,000 in equity issued Cathay Forest is a forest products company managing standing timber properties and developing fast-growth, high-yield poplar plantations in the Peoples Republic of China. Cathay Forest is building a world class forest products company through a customer base that includes the domestic Chinese pulp and paper industry and harvesting customers serving a variety of wood product industries.