Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) ("Catalyst" or the "Company") today announced that it has received an alternative recapitalization proposal to be implemented if the previously announced acquisition proposal by Kejriwal Group International (“KGI”) is not completed. The Board of Directors believes that the availability of such an alternative is in the interest of the Company and all of its stakeholders, and had requested that holders representing about 79% of the Company’s outstanding common shares and 87% of its 11% PIK Toggle Senior Secured Notes (the "Principal Securityholders") consider making or supporting an alternative proposal.
Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) is pleased to announce that Sunvault Energy Inc. and Aboriginal Power Corp. have discontinued the lawsuit previously commenced against Catalyst. The commencement of the lawsuit was previously announced and described in the company’s news release of January 25, 2016.
Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, November 9, 2016 at 8:00 a.m. PST/11:00 a.m. EST to review the company’s 2016 third quarter results. Joe Nemeth, President & Chief Executive Officer and Gerrie Kotze, Vice President, Finance will host the call.
Richmond, (BC) - Catalyst Paper Corporation (TSX:CYT) today announced that Frank De Costanzo, Senior Vice President and Chief Financial Officer, is leaving the company to pursue a CFO position with another organization.
Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) today announced that it is launching Glide Graphics at the Labelexpo Americas conference in Rosemont, Illinois, September 13-15, 2016.