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
TimberWest Forest Corp.
Print
Vancouver, British Columbia, Canada, 18 May 2010 -- TimberWest Forest Corp. (TSX: TWF.UN) announced today the completion of its previously announced bought deal offering of 12,000,000 stapled units at a price of CAD 5.00 per stapled unit for gross proceeds of CAD 60 million. The offering was underwritten by BMO Capital Markets.

The company will use the net proceeds from the offering to reduce indebtedness under its revolving credit facility and for general corporate purposes.

The stapled units were offered by way of a short-form prospectus in all provinces of Canada and on a private placement basis in the United States pursuant to an exemption from the registration requirements under the United States Securities Act of 1933, as amended, provided by Rule 144A thereunder. 

TimberWest Forest Corp. is western Canada’s largest private timber and land management company. The company owns in fee simple approximately 320,000 hectares (791,000 acres) of private land and is in the business of selling timber products and real estate.

 


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: