Emerging forestry firm Conifex Inc. won court approval Monday to buy and operate the Fort St. James sawmill.
Conifex, a new firm being set up by three former forestry and investment banking executives, said it will pay $12.8 million for the Fort St. James mill in northern British Columbia. The deal also include $3 million in liabilities, including reforestation and environmental expenses.
Conifex - which is being run by former Slocan CEO Ken Shields, Former Primex Forest Products CEO George Malpass and former Raymond James executive Dave Roberts - said it plans to have the mill fully operating by next month.
--- 680 news
Finally some great news to report. A Canadian company, and the Court even gave a big 'f.o,a.d.' to Indonesia's PT Pinto Deli.
WOOT!
Monday, July 7, 2008
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