GreenFirst Enhances Rights Offering and Discusses Growth Strategy

GreenFirst Forest Products Inc. Updates Rights Offering Details

GreenFirst Forest Products Inc. (TSX: GFP) has recently provided important reminders regarding its ongoing rights offering. Shareholders holding shares as of the end of business on November 7 will need to act soon, as the exercise period for these rights will conclude by 5:00 p.m. Toronto time on December 11. After this deadline, any unexercised rights will lose their validity.

Participation Instructions for Shareholders

Shareholders residing outside Canada are encouraged to visit GreenFirst's Investor Relations webpage to access clear instructions on how to participate in this offering before the December dates. The urgency around these deadlines underscores the importance of acting in a timely manner.

Upcoming Conference Call on Strategic Plan

Adding to the excitement, GreenFirst will be hosting a conference call on December 4 at 10:00 a.m. Eastern Time. Interested participants can join the call via phone or online. This call will provide critical insights into the Company’s Strategic Capital Expenditure Plan, which plays a vital role in GreenFirst's objective to strengthen its position as a leading lumber producer.

What to Expect from the Conference Call

During the call, management will unveil details about Phase I of the Strategic Plan, showcasing a significant investment of approximately $50 million. This investment is designed to drive growth and enhance operations in the lumber sector. Investors will have the chance to directly engage with leaders of GreenFirst to ask questions and gather insights about this plan.

Context and Prior Announcements

This call follows previous communications from GreenFirst, including their release on November 11 regarding third-quarter financial results. The discussions during the upcoming call are positioned as a continuation of this dialogue, allowing stakeholders to understand the Company's future direction better.

Commitment to Sustainable Practices

As articulated by Paul Rivett, the Chairman of the Board, there's a strong emphasis on responsible spending of capital which aligns with GreenFirst's commitment to sustainability. As a significant investor, he expresses confidence in the initiatives being undertaken to heighten value and operational success.

A Closer Look at GreenFirst’s Operations

GreenFirst is dedicated to sustainable forest management and forestry production. This commitment manifests through ownership of four sawmills strategically located among abundant wood resources. The Company oversees a vast area of FSC-certified public Ontario forestlands, highlighting their focus on responsible forest practices.

Explore More About GreenFirst

For those looking for further information about GreenFirst Forest Products and their offering, resources are readily available on their corporate site. Here, you can find insights into their efforts in sustainable forestry, recent updates, and contact information for their Investor Relations teams.

Frequently Asked Questions

What is the deadline for the Rights Offering?

The deadline to exercise the rights under the offering is December 11, with a reminder for shareholders to act before this date.

How can shareholders participate in the offering?

Instructions for participating in the Rights Offering are available on GreenFirst's Investor Relations website.

What details will be discussed in the upcoming call?

The call will cover the Strategic Capital Expenditure Plan, including a planned investment of about $50 million.

Who can shareholders contact for assistance?

Shareholders can reach out to Kathleen Skerrett or Parish Bhumgara for help regarding the Rights Offering.

Where can one find more information about GreenFirst?

More details about GreenFirst and its operations can be found at their official website or by contacting their Investor Relations department.

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