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Taiga Building Products Ltd.
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Burnaby, British Columbia, Canada, 13 January 2010 -- Taiga Building Products Ltd., as the result of strengthening cash flows, will be resuming interest payments on its 14% subordinated notes, including monthly interest on deferred interest, as per Section 2.04 of the Note Indenture dated as of 01 September 2005. Interest deferred from 01 March 2009, through 30 November 2009, including interest on deferred interest, will be paid by 01 September 2010, as per Section 2.04 of the Note Indenture. The board of directors may choose to pay interest before 01 September 2010, subject to cash flow considerations.

The first reinstated interest payment date will be 15 January 2010, with respect to interest, and interest on deferred interest, accruing for the month of December 2009.

 
 

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