Recent News

Catalyst receives final TSX listing approval and initiates program to assist small shareholders
Friday, January 4, 2013

Richmond, BC – Catalyst Paper Corporation announced today that final approval has been received for listing on the Toronto Stock Exchange (TSX) of its new class of common shares (new Shares) created pursuant to its reorganization under the Companies’ Creditors Arrangement Act that completed on September 13, 2012. The new Shares will begin trading on the TSX on January 7, 2013 under the trading symbol “CYT”.

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Catalyst Paper and Pacifica Deep Sea Terminals Inc. unable to close agreement on sale of Elk Falls site

Richmond, BC – Catalyst Paper today announced that the sale of its Elk Falls site in Campbell River to Pacifica Deep Sea Terminals Incorporated did not close and the sale agreement has been terminated. The sale of the 400-acre industrial site and adjacent properties was initially expected to close on September 5, 2012.  A non-refundable prepayment of a portion of the purchase price was received and the transaction timeline was extended multiple times up to the ultimate deadline of December 18, 2012.

Catalyst Paper accepts bid for Snowflake mill assets

Richmond, BC – Catalyst Paper announced that it has accepted, subject to US Court approval, a binding bid from an acquisition vehicle organized by Hackman Capital and its affiliates to purchase the assets of the closed Snowflake facility and the shares of Apache Railway for US$13,460,000 and other non-monetary consideration. The buyer intends to continue to operate the Apache Railway as a going concern, and the transaction is supported by the Town of Snowflake and various local interests.

Town of Snowflake announces cooperation agreement to secure long-term viability of Apache Railroad

SNOWFLAKE, AZ, Nov. 27, 2012 – The Town of Snowflake today announced that Catalyst Paper Corporation and its United States affiliates will be working cooperatively with the Town as Catalyst seeks to sell the Apache Railway Company as an operating railroad.  The Town believes that this approach will serve to ensure the long-term viability of the railroad and its place in the community, both today and for the future.

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