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Conifex Timber Inc (CFF-T) Quote - Press Releases

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Latest Press Releases

IIROC Trade Resumption - CFF
- PR Newswire - Tue Dec 24, 7:17AM CST
PR Newswire - PRNW
Tue Dec 24, 7:17AM CST
TORONTO , Dec. 24, 2019 /CNW/ - Trading resumes in:
IIROC Trading Halt - CFF
- PR Newswire - Tue Dec 24, 7:08AM CST
PR Newswire - PRNW
Tue Dec 24, 7:08AM CST
TORONTO , Dec. 24, 2019 /CNW/ - The following issues have been halted by IIROC:
Conifex Announces Agreement for Sale of U.S. Sawmill Business
- GlobeNewswire - Tue Dec 24, 7:00AM CST
GlobeNewswire - CMTX
Tue Dec 24, 7:00AM CST
Conifex Timber Inc. ("Conifex") (TSX: CFF) today announced that it has entered into a share purchase agreement with an affiliate of Resolute Forest Products Inc. for the sale by Conifex of its US sawmill business, consisting of its El Dorado, Cross City and Glenwood sawmills and related operations. The purchase price, payable in cash, is US$163 million plus net working capital at closing.
Conifex Lenders Approve Restructuring Plan
- GlobeNewswire - Mon Nov 25, 7:36PM CST
GlobeNewswire - CMTX
Mon Nov 25, 7:36PM CST
Conifex Timber Inc. (TSX: CFF) ("Conifex") announced today that the Agent for its lumber segment lenders approved in principle Conifex's proposed asset divestment and restructuring plan. The plan also provides additional credit support to Conifex to fund operations while it implements its asset divestiture plan.
Conifex Announces Third Quarter 2019 Results
- GlobeNewswire - Fri Nov 15, 7:00AM CST
GlobeNewswire - CMTX
Fri Nov 15, 7:00AM CST
Conifex Timber Inc. ("Conifex", "we" or "us") (TSX: CFF) today reported results for the third quarter ended September 30, 2019. Adjusted EBITDA from continuing operations* was negative $9.2 million for the quarter, which represented an improvement of $4.0 million over the second quarter of 2019, primarily attributable to increased operating earnings. A decrease in EBITDA from continuing operations** of $12.8 million compared to the previous quarter was primarily attributable to a quarter-over-quarter negative variance on our gain from the sale of duty refunds. Compared to the second quarter of 2019, adjusted EBITDA for the lumber segment increased by $2.9 million, for the bioenergy segment increased by $1.2 million and for corporate and other unallocated items declined by $0.1 million. Lumber segment adjusted EBITDA included softwood lumber duties expense of $1.3 million in the third quarter of 2019, $2.5 million in the second quarter of 2019 and $6.3 million in the third quarter of 2018.
Conifex Announces Closing of Sale of Fort St. James Sawmill
- GlobeNewswire - Fri Nov 1, 3:45PM CDT
GlobeNewswire - CMTX
Fri Nov 1, 3:45PM CDT
Conifex Timber Inc. ("Conifex") (TSX: CFF) announced today that it has closed its previously announced transaction with Hampton Lumber for the sale of its Fort St. James sawmill and associated forest license. The consideration for the transaction, following certain customary adjustments, was approximately $38.6 million.
Conifex and Hampton Announce BC Government Approval of Fort St. James Sawmill Sale
- GlobeNewswire - Mon Oct 28, 7:01AM CDT
GlobeNewswire - CMTX
Mon Oct 28, 7:01AM CDT
Conifex Timber Inc. ("Conifex") (TSX: CFF) and Hampton Lumber announced today that the Honourable Doug Donaldson, Minister of Forests, Lands, Natural Resource Operations, and Rural Development, has approved the sale of Conifex's Fort St. James sawmill and associated forest license to Hampton Lumber.
Conifex Announces Third Quarter 2019 Results Conference Call
- GlobeNewswire - Thu Oct 10, 4:25PM CDT
GlobeNewswire - CMTX
Thu Oct 10, 4:25PM CDT
Conifex Timber Inc. ("Conifex") (TSX: CFF) announced today that it plans to release its third quarter 2019 results prior to the market open on Friday, November 15, 2019. Conifex has scheduled a conference call at 7:00 AM Pacific time / 10:00 AM Eastern time on the same day to discuss its financial results. To participate in the call, please dial one of the following numbers:
Conifex Amends Senior Credit Facility
- GlobeNewswire - Tue Oct 1, 2:00PM CDT
GlobeNewswire - CMTX
Tue Oct 1, 2:00PM CDT
Conifex Timber Inc. (TSX: CFF) ("Conifex") announced today that it has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones. Pursuant to the terms of the amendment, Conifex is required to provide an asset divestment and restructuring plan that is acceptable to its senior lenders on or before November 25, 2019, which could involve asset divestitures in addition to the previously announced sale of its Fort St. James sawmill complex and associated tenure to Hampton Lumber. Conifex is working collaboratively with lenders and intends to present and implement an acceptable asset divestiture and restructuring plan. If Conifex does not present a plan that is acceptable to its lenders by such date, it will be an event of default under its credit agreement and unless waived, Conifex would commence consensual voluntary proceedings under applicable debtor relief laws.
Conifex Announces Second Quarter 2019 Results
- GlobeNewswire - Wed Aug 14, 7:00AM CDT
GlobeNewswire - CMTX
Wed Aug 14, 7:00AM CDT
Conifex Timber Inc. ("Conifex", "we" or "us") (TSX: CFF) today reported results for the second quarter ended June 30, 2019. Adjusted EBITDA from continuing operations* was negative $13.2 million for the quarter, which represented a decrease of $10.5 million over the first quarter of 2019, primarily attributable to reduced operating earnings. An increase in EBITDA from continuing operations** of $2.0 million compared to the previous quarter was primarily attributable to improved net earnings. Compared to the first quarter of 2019, adjusted EBITDA for the lumber segment declined by $6.8 million, for the bioenergy segment declined by $3.2 million and for corporate and other unallocated items declined by $0.5 million. Lumber segment adjusted EBITDA included softwood lumber duties expense of $2.5 million in the second quarter of 2019, $3.8 million in the first quarter of 2019 and $8.2 million in the second quarter of 2018.

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