Key Developments: Canfor Corp (CFPZF.PK)

CFPZF.PK on OTC Markets Group

28 Nov 2014
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$-0.81 (-3.31%)
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Latest Key Developments (Source: Significant Developments)

Canfor Corp purchases mill from Southern Lumber Company
Tuesday, 30 Sep 2014 05:00pm EDT 

Canfor Corp:Announces the purchase of the operating assets of Southern Lumber Company, Inc.Acquisition includes a sawmill located in Hermanville, Mississippi which is a log southern yellow pine dimension mill manufacturing predominately long, wide width lumber.Purchase price excluding working capital is $48.7 million.  Full Article

Canfor Corp purchases mills from Balfour/Beadles Lumber
Friday, 1 Aug 2014 04:30pm EDT 

Canfor Corp:Purchases operating assets of Balfour Lumber Company and Beadles Lumber Company.Transaction includes two sawmills located in Thomasville and Moultrie, Georgia in area with high quality and sustainable fibre supply.Balfour and Beadles mills produce quality southern yellow pine lumber and the operations have a combined capacity of 210 mln board feet after reflecting planned near term capital.The purchase is structured with 55 pct being acquired in Jan. 2015 and balance after two year period.  Full Article

Canfor Corp enters into letter of intent with Groupe Lebel Inc. to sell Quebec Mill
Friday, 28 Feb 2014 05:05pm EST 

Canfor Corp:Says it has entered into a letter of intent with Groupe Lebel Inc. to sell the Daaquam sawmill located in Saint-Just-de-Bretenieres, Quebec.The transaction is expected to close at the end of March, 2014 and is subject to customary closing conditions, including the execution of a formal agreement.The Daaquam mill produced 120 million board feet of lumber in 2013.The proceeds of sale of the Daaquam sawmill and working capital combined with the sale of other associated properties related to Daaquam to other third parties are expected to amount to approximately $25 million.  Full Article

Canfor Corp announces a 50/50 joint venture with Tangshan Caofeidian Wood Industry Co. Ltd
Tuesday, 26 Nov 2013 07:00am EST 

Canfor Corp:Says it has agreed to form a 50/50 joint venture with Tangshan Caofeidian Wood Industry Co. Ltd of China (TCW).Says this is to review the potential construction of a secondary manufacturing facility to be located at the deep water Caofeidian Port Tangshan City, Hebei Province, China.Says the parties will develop a business plan over the next several months to determine the capital necessary to construct the plant.Says Canfor will enter into a supply agreement with the joint venture.  Full Article

Canfor Corp Completes Phased Purchase Agreement Of Scotch Gulf Lumber-DJ
Friday, 9 Aug 2013 05:01pm EDT 

Dow Jones reported that Canfor Corporation has completed the purchase agreement with Scotch & Gulf Lumber, LLC. The purchase agreement reflects the acquisition of Scotch Gulf Lumber over a three year period with the first phase representing a 25% interest.  Full Article

Canfor Corp Announces Completion of Sale of Peace Valley OSB Joint Venture to Louisiana-Pacific Corp
Friday, 31 May 2013 12:50pm EDT 

Canfor Corp announced that further to its news release of November 28, 2012, it has completed the sale of its 50 percent interest in the Peace Valley Oriented Strand Board (OSB) joint venture in Fort St. John, B.C., to Louisiana-Pacific Corp (LP). LP is now the sole owner of the Peace Valley OSB mill. The proceeds of the sale are $77 million including working capital. In addition, Canfor will receive further consideration over a 3 year period based on Peace Valley OSB trailing twelve month EBITDA.  Full Article

Canfor Corp Announces Normal Course Issuer Bid
Friday, 1 Mar 2013 07:00am EST 

Canfor Corp announced that it has received regulatory approval for a normal course issuer bid to purchase for cancellation up to 7,137,621 Common Shares or approximately 5% of the 142,752,431 Shares outstanding on February 25, 2013, at prevailing market prices in accordance with the rules of The Toronto Stock Exchange. The normal course issuer bid will commence on March 5, 2013 and continue until March 4, 2014.  Full Article

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