Business
EACOM Timber Corporation Completes Sale of Big River Mill
MONTRÉAL and VANCOUVER, Sept. 20, 2011 /CNW Telbec/ - EACOM Timber Corporation (ETR: TSX...
About this update from Etruscus Resources Corp.
[{"type":"text","content":"\n\n\n\n\n\nMONTRÉAL and VANCOUVER, Sept. 20, 2011 /CNW Telbec/ - EACOM Timber\n Corporation (ETR: TSX-V) (\"EACOM\", or the \"Company\") announced today\n the completion of the sale of the Big River Sawmill in Saskatchewan\n (the \"Mill\") to Carrier Forest Products Ltd. (\"Carrier\").\n\n\nOn January 5, 2010 EACOM acquired the Mill. The Mill was idled when\n purchased. Eacom has been diligently working to obtain the timber\n rights necessary to re-open the Mill for operation since then but has\n been unable to obtain any timber rights from the Government of\n Saskatchewan.  EACOM made the difficult decision to sell the idled Mill\n and today has completed the sale of the Mill on an \"as is, where is\"\n basis to Carrier for a purchase price of $7.5 million.\n\n\nAbout EACOM\n\n\nEACOM Timber Corporation is a TSX-V listed company. The business\n activities of EACOM consist of the manufacturing, marketing and\n distribution of lumber, wood chips and wood-based value-added products,\n and the management of forest resources. EACOM owns eight sawmills, all\n located in Eastern Canada, and related tenures. The mills are Timmins,\n Nairn Centre, Gogama, Elk Lake and Ear Falls in Ontario, and Val-d'Or,\n Ste-Marie and Matagami in Quebec. The sawmills in Ear Falls, Ontario,\n and Ste-Marie, Quebec, are currently idled.  EACOM also owns 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\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 beyond our\n control and could cause actual results to materially differ from such\n statements. Such risks, uncertainties and other factors include, but\n are not necessarily limited to, those set forth under \"Risk Factors\" in\n the Company's Filing Statement dated January 8, 2010 and \"Risks and\n Uncertainties\" in the Company's current MDA filed with th...