Richmond, BC – Catalyst Paper (TSX:CYT) announced that it has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings. The $8.6 million sale was signed and closed today.
Richmond, (BC) – Catalyst Paper (TSX:CYT) posted a net loss of $9.8 million ($0.89 per common share) in the first quarter of 2013. The loss was $11.6 million before specific items. Improvement over the final quarter of 2012 – when the company recorded a loss of $35.2 million ($1.55 per common share) and $15.7 million before specific items – was driven by increased prices for pulp, and lower maintenance costs.
Richmond, BC – Catalyst Paper (TSX:CYT) announced today that holders of approximately US$15.6 million of its Floating Rate Senior Secured Notes due 2016 accepted the offer made by Catalyst on March 26, 2013 to purchase up to approximately US$20 million of its Floating Rate Notes. The offer expired 5:00 PM, New York City time on April 24, 2013.
Richmond, (BC) – Catalyst Paper (TSX:CYT) has released its tenth sustainability report as an early adopter of this voluntary disclosure practice more than a decade ago. Titled “Our Tomorrow Starts Today”, the report covers calendar 2012 and was produced using Global Reporting Initiative Guidelines (B-level application). It also serves as Catalyst’s Communication on Progress as a signatory to the United Nations Global Compact.
Richmond, (BC) – Catalyst Paper (TSX:CYT) announced today that President and Chief Executive Officer Kevin J. Clarke will step down from his position later this spring. Mr. Clarke has advised Catalyst’s Board of Directors that, with the company’s recent financial restructuring successfully completed, the time is right for a leadership transition.
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