EarthFirst Canada Inc. (“EarthFirst”), announces that it has filed a preliminary prospectus with securities regulatory authorities in all provinces of Canada for an offering of Units consisting of common shares and one-half a common share purchase warrant and “flow-through common shares”, within the meaning of the Tax Act.  EarthFirst expects the flow-through common shares to receive tax deductions equal to 100% of the amount invested for the 2007 taxation year.  An electronic copy of the prospectus may be obtained via www.sedar.com. 

The offering is being made through a syndicate of investment dealers co-led by GMP Securities LP and Scotia Capital Inc. and includes National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Orion Securities Inc. and Fraser Mackenzie Limited.

EarthFirst is a leading developer of renewable wind energy in Canada. 

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or applicable exemption from the registration requirements.  This press release does not constitute an offer of the securities in the United States or in any jurisdiction where such offer is prohibited.

For further information, please contact:

Grant Bunker  
Director, Investor Relations 
EarthFirst Canada Inc.
Tel: (416) 628-2164
Toll Free: 1 866-622-4715
E-mail: gbunker@earthfirstcanada.com

Derren Newell
VP, Finance and Chief Financial Officer
EarthFirst Canada Inc.
Tel: (403) 513-0766
Toll Free: 1 877-513-0777
E-Mail: dnewell@earthfirstcanada.com

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART (I) IN OR INTO THE UNITED STATES, THE UNITED KINGDOM, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND, GERMANY, SWITZERLAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN OR INTO WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL; OR (II) TO ANY NATIONAL, RESIDENT OR CITIZEN OF SUCH JURISDICTIONS.

A PROSPECTUS RELATING TO THESE SECURITIES HAS BEEN FILED WITH SECURITIES COMMISSIONS OR SIMILAR AUTHORITIES IN EACH OF THE PROVINCES OF CANADA AND IS AVAILABLE AT WWW.SEDAR.COM. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OR ANY ACCEPTANCE OF AN OFFER TO BUY THESE SECURITIES IN ANY PROVINCE OF CANADA PRIOR TO THE TIME A RECEIPT FOR THE FINAL PROSPECTUS OR OTHER AUTHORIZATION IS OBTAINED FROM THE SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE.

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EFC-PR01_ 2007-11-7 Announces IPO of common and flow-through_FINAL-SEDAR.pdf	en	72 KB