Richmond, BC – Catalyst Paper (TSX:CYT) is reaching higher to expand an already broad mechanical printing product range with the addition of Ascent, a coated three paper. Made at the Port Alberni mill on the only coated mechanical paper machine in Western North America, Ascent went from idea to market in the space of a few short months.
Richmond, BC – Catalyst Paper today announced that it has received the decision from the Ministry of Forests, Lands and Natural Resource Operations (FLNRO) over the day to day management of the weir that controls the water levels in Lake Cowichan and the Cowichan River.
Richmond, BC – Catalyst Paper (TSX:CYT) announced that it has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings. The $8.6 million sale was signed and closed today.
Richmond, BC – Catalyst Paper (TSX:CYT) announced today that holders of approximately US$15.6 million of its Floating Rate Senior Secured Notes due 2016 accepted the offer made by Catalyst on March 26, 2013 to purchase up to approximately US$20 million of its Floating Rate Notes. The offer expired 5:00 PM, New York City time on April 24, 2013.
Richmond, (BC) – Catalyst Paper (TSX:CYT) has released its tenth sustainability report as an early adopter of this voluntary disclosure practice more than a decade ago. Titled “Our Tomorrow Starts Today”, the report covers calendar 2012 and was produced using Global Reporting Initiative Guidelines (B-level application). It also serves as Catalyst’s Communication on Progress as a signatory to the United Nations Global Compact.
Richmond, (BC) – Catalyst Paper (TSX:CYT) announced today that President and Chief Executive Officer Kevin J. Clarke will step down from his position later this spring. Mr. Clarke has advised Catalyst’s Board of Directors that, with the company’s recent financial restructuring successfully completed, the time is right for a leadership transition.
Richmond, BC - Catalyst Paper Corporation will hold a conference call on Tuesday May 7 at 8:00 a.m. Pacific, 11:00 a.m. Eastern, to review the Company's first quarter results which will be released on Monday May 6, 2013. Kevin J. Clarke, President and Chief Executive Officer, and Brian Baarda, Vice-President Finance and Chief Financial Officer, will host the call.
Richmond, BC – Catalyst Paper Corporation (TSX:CYT) will hold its annual meeting of shareholders on Tuesday, May 7, 2013 at 2:00 p.m. Pacific (5:00 p.m. Eastern) at the Delta Vancouver Airport Hotel, 3500 Cessna Drive, Richmond, BC.
Richmond, BC – Catalyst Paper (TSX:CYT) announced today that it will make an offer on March 26, 2013 to purchase approximately US $20 million of its Floating Rate Senior Secured Notes due 2017. The offer is to purchase Notes at par, together with accrued and unpaid interest to, but not including, the purchase date. The offer will expire on April 24, 2013.
Richmond, BC – Catalyst Paper (TSX:CYT) announced today that it has completed the sale of its approximately 50% interest in Powell River Energy Inc. and Powell River Energy Limited Partnership to Powell River Energy Trust, a Brookfield Renewable Energy affiliate, for $33 million.
Port Alberni, BC – Catalyst Paper’s Port Alberni mill is marking 10 years as the supplier of coated mechanical paper for Rolling Stone Magazine, Wenner Media’s flagship publication. As the only producer of coated mechanical paper in Western North America, Catalyst’s Port Alberni mill also supplies paper for the popular Men’s Journal, and the Westcoast edition of Us Weekly.
Richmond, BC – Catalyst Paper Corporation announced today that final approval has been received for listing on the Toronto Stock Exchange (TSX) of its new class of common shares (new Shares) created pursuant to its reorganization under the Companies’ Creditors Arrangement Act that completed on September 13, 2012. The new Shares will begin trading on the TSX on January 7, 2013 under the trading symbol “CYT”.
Richmond, BC – Catalyst Paper today announced that the sale of its Elk Falls site in Campbell River to Pacifica Deep Sea Terminals Incorporated did not close and the sale agreement has been terminated. The sale of the 400-acre industrial site and adjacent properties was initially expected to close on September 5, 2012. A non-refundable prepayment of a portion of the purchase price was received and the transaction timeline was extended multiple times up to the ultimate deadline of December 18, 2012.
Richmond, BC – Catalyst Paper announced that it has accepted, subject to US Court approval, a binding bid from an acquisition vehicle organized by Hackman Capital and its affiliates to purchase the assets of the closed Snowflake facility and the shares of Apache Railway for US$13,460,000 and other non-monetary consideration. The buyer intends to continue to operate the Apache Railway as a going concern, and the transaction is supported by the Town of Snowflake and various local interests.
Richmond, BC – Catalyst Paper announced that it has accepted a qualified stalking horse bid from MLR Ventures, LLC (the Stalking Horse) as part of the sales process for disposition of the Snowflake facility and Apache Railway.
SNOWFLAKE, AZ, Nov. 27, 2012 – The Town of Snowflake today announced that Catalyst Paper Corporation and its United States affiliates will be working cooperatively with the Town as Catalyst seeks to sell the Apache Railway Company as an operating railroad. The Town believes that this approach will serve to ensure the long-term viability of the railroad and its place in the community, both today and for the future.
Richmond, BC – Catalyst Paper announced today that it has received conditional approval for the listing of its new common shares on the Toronto Stock Exchange.
Richmond, BC - Catalyst Paper Corporation will hold a conference call on Wednesday November 14 at 8:00 a.m. Pacific, 11:00 a.m. Eastern, to review the Company's quarterly results which will be released on Tuesday November 13, 2012.
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Richmond, BC – Catalyst Paper today announced that it has received partial pre-payment of the $8.6 million purchase price for the Elk Falls site in Campbell River from Pacifica Deep Sea Terminals Incorporated. The transaction includes the 400-acre industrial site and adjacent properties.
Crofton, BC – A joint agreement to increase water flows in the Cowichan River was reached between the federal Department of Fisheries and Oceans, provincial Ministry of Forests, Lands and Natural Resource Operations, Cowichan Tribes, Cowichan River Hatchery and Catalyst Paper, Crofton Division.
Richmond, BC – Catalyst Paper announced today that it has begun a sale process for its Snowflake mill and associated assets in accordance with the US Court-approved sale and investor solicitation procedures (SISP).
Richmond, BC – Catalyst Paper announced today that it has successfully completed its previously announced reorganization pursuant to its Second Amended and Restated Plan of Compromise and Arrangement (the Amended Plan) under the Companies’ Creditors Arrangement Act.
Richmond, (BC) – Catalyst Paper today announced that the following individuals have been selected by certain of the senior secured and unsecured noteholders in accordance with the terms of the Court-sanctioned second amended Plan of Arrangement to form the new Board of Directors on the company’s emergence from creditor protection.
Richmond, BC – Catalyst Paper today announced that it has reached agreement with Pacifica Deep Sea Terminals Incorporated on the sale of its Elk Falls site in Campbell River. The $8.6 million sale of the 400-acre industrial site and adjacent properties is expected to close September 5, 2012. It completes Catalyst’s comprehensive bid review process which began earlier this year.
The City of Port Alberni and Catalyst Paper are moving forward with key strategic initiatives after reaching an agreement-in-principle for the purchase of the company’s wastewater treatment facility and additional lands.
The agreement, valued at $5.75 million consists of two parts: acquisition of the 13.4 hectare wastewater treatment facility located across the Alberni Inlet and secondly, 3.9 hectares of land combined with a road dedication (part of the Redford Street extension arrangement) to facilitate the development of an industrial truck route along the waterfront.