Conifex Announces Issuance of Common Shares
March 03 2014 - 7:13PM
Marketwired
Conifex Announces Issuance of Common Shares
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2014) -
Conifex Timber Inc. ("Conifex" or the "Company") (TSX-VENTURE:CFF)
today announced that it has issued 1,430 common shares (the "Common
Shares") of the Company at a deemed price of $9.50 per Common Share
pursuant to previously agreed severance arrangements with a former
employee. The Common Shares are subject to a four-month hold period
from the date of issue. The TSX Venture Exchange has previously
accepted the issuance of such Common Shares.
About Conifex Timber Inc.
Conifex and its subsidiaries' primary business currently
includes timber harvesting, reforestation, forest management,
sawmilling logs into lumber and wood chips, and value added lumber
finishing and distribution. Conifex's lumber products are sold in
the United States, Chinese, Canadian and Japanese markets. Upon
completion of its power generation facility at Mackenzie, British
Columbia, Conifex's business sectors will be expanded to include
bioenergy.
Forward-Looking Statements
Certain statements in this news release may constitute
"forward-looking statements". Forward-looking statements are
statements that address or discuss activities, events or
developments that the Company expects or anticipates may occur in
the future. When used in this news release, words such as
"estimates", "expects", "plans", "anticipates", "projects", "will",
"believes", "intends" "should", "could", "may" and other similar
terminology are intended to identify such forward-looking
statements. Forward-looking statements reflect the current
expectations and beliefs of the Company's management. Because
forward-looking statements involve known and unknown risks,
uncertainties and other factors, actual results, performance or
achievements of the Company or industry may be materially different
from those implied by such forward-looking statements.
Forward-looking statements involve significant uncertainties,
should not be read as a guarantee of future performance or results,
and will not necessarily be an accurate indication of whether or
not such results will be achieved. A number of factors could cause
actual results to differ materially from the results discussed in
the forward-looking statements, including those matters described
in the Company's annual information form for the year ended
December 31, 2012, available on SEDAR at www.sedar.com.
Accordingly, readers should exercise caution in relying upon
forward-looking statements and the Company undertakes no obligation
to publicly revise them to reflect subsequent events or
circumstances, except as required by law.
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Conifex Timber Inc.Yuri LewisChief Financial Officer(778)
331-8687
Conifex Timber (TSXV:CFF)
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