Conifex Issues Common Stock Shares to Retired Employee

By Rich Christianson | Posted: 06/28/2013 9:43AM

 

VANCOUVER, BC - Conifex Timber Inc., a diversified lumber and wood market company, announced it has issued 1,819 common shares of stock at a deemed price of $8.50 per share.

The stock tender, valued at approximately $15,400, coincides with a retirement arrangement with an unnamed former employee.

The common shares are subject to a four-month hold period from the date of issue.

Conifex harvests, processes and distributes wood products primarily to the Canadian, U.S. Chinese and Japanese markets. The company is building a bioenergy facility in Mackenzie, BC, which will further diversify its business platform.

 

About the Author

Rich Christianson

Rich Christianson is Associate Publisher and Editor at Large of Woodworking Network. During his 25+ years covering the wood products industry, Rich has toured hundreds of manufacturing plants throughout North America, Europe and Asia. His reporting has covered everything from the state of the industry and impact of wood imports to technology and environmental issues. In his current capacity he is responsible for editing the daily Woodworking Network Update newsletter and coordinating events including the annual Cabinets & Closets Conference & Expo and Canada’s biennial Woodworking Machinery & Supply Expo. He can be contacted at rchristianson@woodworkingnetwork.com or follow him on Google+.

Read more of Rich Christianson's blogs.


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