Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Fraser Papers Sells Holdings in Acadian Timber Income Fund
Print
Toronto, Ontario, Canada, 26 September 2007 --Marketwire-- Fraser Papers Inc. TSX:FPS) announced today that it has sold its entire holdings of 3,613,780 units of Acadian Timber Income Fund (TSX:ADN.UN). Of those, 1,013,780 units were sold to two investment dealers and 2,600,000 units were sold to Brookfield Asset Management Inc. (TSX:BAM)(NYSE:BAM).

The units, which represent a 22% interest in Acadian (on a fully-diluted basis), were sold through the facilities of the Toronto Stock Exchange (TSX) pursuant to a control block distribution under National Instrument 45-102 Resale of Securities ("NI 45-102"). Net proceeds from the sale are approximately CAD 38.3 million and will be used to pay down drawings under the Company's working capital facility.

Fraser Papers is an integrated specialty paper company that produces a broad range of specialty packaging and printing papers. The company has operations in New Brunswick and Quebec in Canada and in Maine and New Hampshire in the United States. Fraser Papers is listed on the Toronto Stock Exchange under the symbol: FPS. For more information, visit the Fraser Papers web site at www.fraserpapers.com.




Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: