EACOM Timber Corporation Announces the Closing of the Acquisition of the Remaining One-Third of the Elk Lake Sawmill

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[{"type":"text","content":"\n\n\n\n\n\nMONTREAL, QUEBEC and VANCOUVER, Aug. 4, 2011 /CNW Telbec/ - Montral,\n Qubec and Vancouver, British Columbia - EACOM Timber Corporation (ETR:\n TSX-V) (\"EACOM\", or the \"Company\") announced today that it closed the\n previously announced acquisition of the remaining one-third of the Elk\n Lake sawmill from Liskeard Lumber Limited for a consideration of $15\n million. EACOM currently owns two-thirds of the sawmill. The Elk Lake\n sawmill is located in Ontario.\n\n\nAbout EACOM\n\n\nEACOM Timber Corporation is a TSX-V listed company. EACOM owns\n eightsawmills, all located in Eastern Canada, and related tenures. The\n mills are Timmins, Nairn Centre, Gogama, Elk Lake and Ear Falls in\n Ontario, and Val-d'Or, Ste-Marie and Matagami in Quebec. The sawmills\n in Ear Falls, Ontario, and Ste-Marie, Quebec, are currently idled.\n EACOM also owns one idled mill in Big River, Saskatchewan, a\n remanufacturing facility in Val-d'Or, Quebec, and a 50% interest in an\n \"I\" joist plant in Sault Ste-Marie, Ontario.\n\n\nThe TSX Venture Exchange has neither approved nor disapproved the\n content of this press release. All director and officer appointments\n are subject to TSX Venture Exchange approval.\n\n\nForward-Looking Statements\n\n\nAll statements in this news release that are not based on historical\n facts are \"forward-looking statements.\" While management has based any\n forward-looking statements contained herein on its current\n expectations, the information on which such expectations were based may\n change. These forward-looking statements rely on a number of\n assumptions concerning future events and are subject to a number of\n risks, uncertainties and other factors, many of which are outside of\n our control, which could cause actual results to materially differ from\n such statements. Such risks, uncertainties and other factors include,\n but are not necessarily limited to, those set forth under the captions\n \"Risk Factors\" of the Filing Statement dated January 8, 2010 and of the\n current MDA for EACOM Timber Corporation on file with the Canadian\n Securities Commissions.\n\n\n","length":2345,"tagName":"div"}]

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