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Canfor Welcomes Approval of Forest Tenure Transfer to Interfor
Canfor Welcomes Approval of Forest Tenure Transfer to Interfor Canada NewsWire V...
About this update from Canfor Corporation
[{"type":"text","content":"\n\n\n\nCanfor Welcomes Approval of Forest Tenure Transfer to Interfor\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 28, 2020\n\n\n\nVANCOUVER, Feb. 28, 2020 /CNW/ - Canfor Corporation (TSX:CFP) welcomes today's announcement by the Honourable Doug Donaldson, Minister of Forests, Lands, Natural Resource Operations and Rural Development that he has consented to the transfer of the Vavenby forest tenure to Interfor. \n\n \n \n\n \n\"We are pleased that Premier Horgan and Minister Donaldson have approved the transfer of forest tenure associated with the Vavenby mill to Interfor,\" said Don Kayne, President and CEO, Canfor. \"With strong leadership from Premier Horgan, today's decision demonstrates the BC government's support of the Interior forest sector as it continues the difficult process of reducing production capacity to align with the available timber supply. Throughout this process we have appreciated the opportunity to work in partnership with the Simpcw First Nation, the local communities and the United Steelworkers.\"\n\"We are working to sell the Vavenby mill site, which will provide the best opportunity for future economic activities and employment in the local communities,\" added Kayne.\nThe agreement with Interfor is expected to close before the end of Q1 2020.\nOn June 3, 2019 Canfor announced the agreement to sell the Vavenby tenure to Interfor.\nForward Looking Statements\nCertain statements in this press release constitute \"forward-looking statements\" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as \"expects\", \"anticipates\", \"projects\", \"intends\", \"plans\", \"will\", \"believes\", \"seeks\", \"estimates\", \"should\", \"may\", \"could\", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and ...