Vancouver, British Columbia, Canada, 08 April 2011 -- International Forest Products Limited (Interfor) (TSX:IFP.A) has closed the previously announced public offering of 8,222,500 class A subordinate voting shares t a price of CAD 7.00 per share for gross proceeds to Interfor of CAD 57,557,500 (the offering).
The company filed a final short form prospectus in each of the Provinces of Canada on 31 March 2011 in connection with the offering. Scotia Capital Inc. and RBC Capital Markets acted as joint-bookrunners for a syndicate of underwriters that included BMO Capital Markets, Raymond James Ltd., TD Securities Inc. and Dundee Securities Ltd. The closing of the offering today included the exercise in full of the over-allotment option of 1,072,500 shares by the underwriters.
Interfor is one of the Pacific Northwest's largest producers of quality wood products. The company has operations in Canada and the United States, including two sawmills in the Coastal region of British Columbia, three in the British Columbia, two in Washington, and two in Oregon. For more information about Interfor, visit www.interfor.com.