Fortress Paper Cl A (FTPLF) 2.1076 $FTPLF
Nanotech Announces Completion of Fortress Optical Acquisition
ACCESSWIRE - 2 hrs 16 mins ago
VANCOUVER, BC / ACCESSWIRE / September 16, 2014 / Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF), announces that further to its news releases of August 26 and September 12, 2014 the Company has now completed the acquisition of 100% of Fortress Optical Features Ltd. from an affiliate of Fortress Paper Ltd. In conjunction with the completion of this acquisition Nanotech has converted the 6,184,953 subscription receipts issued September 12, 2014 for proceeds of $9.3 million into 6,184,953 common shares and 3,092,477 share purchase warrants. The acquisition of Fortress Optical Features will serve as a platform to accelerate commercialization of Nanotech's technology by integrating it into Fortress Optical's product line by adding KolourOptik(tm) images to the OTF threads. The acquisition includes Fortress Optical Features' state-of-the-art building and vacuum metal deposition equipment, located near Ottawa.
Fortress Completes Sale of Fortress Optical Features
Marketwire - Tue Sep 16, 4:30PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) is pleased to announce that it has successfully completed the sale of Fortress Optical Features Ltd. ("FOF" to Nanotech Security Corp. ("Nanotech" , previously announced on August 26, 2014. The purchase price for the sale is up to $17,500,000, subject to a post-closing working capital adjustment and earn-out in respect of 3,000,000 common shares of Nanotech, which shares were issued at a deemed price of $1.50 per share and will be held in escrow to be released to the Company upon the achievement of certain business milestones by FOF and/or Nanotech over a five year period.
Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features
PRWeb - Tue Aug 26, 6:11PM CDT
Nanotech Security Corp. (TSXV:NTS) (OTCQX:NTSFF) ("Nanotech" or "the Company" today announces an agreement with Fortress Global Securities Sarl, a subsidiary of TSX listed Fortress Paper Ltd. ("Fortress Paper" , to purchase 100% of Fortress Optical Features Ltd. ("Fortress Optical Features" , a producer of optical thin film ("OTF" used as security threads in banknotes in several countries. The definitive share and loan purchase agreement (the "Purchase Agreement" provides for Nanotech to acquire 100% of the issued and outstanding securities of Fortress Optical Features for consideration of up to $17.5 million, of which 3 million Nanotech shares (up to $4.5 million) is contingent on the future operating performance of Fortress Optical Features. Nanotech has also entered into an agreement with a Canadian broker to act as sole lead manager and sole book-runner in respect of a private placement of equity securities to fund the cash portion of the purchase price for Fortress Optical Features. The private placement has been structured as an offering of subscription receipts whereby closing of the private placement will be contingent on and be concurrent with completion of the acquisition of Fortress Optical Features by the Company. To date, subscription agreements in excess of $8.0 million have been received which is an amount sufficient to pay the cash portion of the purchase price under the Purchase Agreement. All monetary amounts are in Canadian dollars.
IIROC Trade Resumption - Fortress Paper Ltd.
Newsfile Corp - Tue Aug 26, 8:09AM CDT
Trading resumes in:
Fortress Agrees to Sell Fortress Optical Features
Marketwire - Tue Aug 26, 8:05AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) is pleased to announce that it has, through a wholly-owned subsidiary, entered into a share and loan purchase agreement (the "Purchase Agreement" with Nanotech Security Corp. ("Nanotech" (TSX VENTURE: NTS), as purchaser, for the sale of all of the shares of its wholly-owned subsidiary, Fortress Optical Features Ltd. ("FOF" , and shareholder loans, for an aggregate purchase price of up to $17,500,000 (the "Purchase Price" , subject to a working capital adjustment and earn-out.
IIROC Trade Halt - Fortress Paper Ltd.
Newsfile Corp - Tue Aug 26, 7:57AM CDT
The following issues have been halted by IIROC:
Fortress Paper Announces Second Quarter 2014 Results
Marketwire Canada - Wed Aug 06, 6:15PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) reported a 2014 second quarter EBITDA loss of $6.0 million. The Dissolving Pulp Segment generated EBITDA loss of $4.2 million and the Security Paper Products Segment generated EBITDA loss of $0.4 million. Corporate costs contributed $1.4 million to EBITDA loss.
Fortress Announces Voting Results for the Election of Directors
Marketwire - Wed Jun 18, 1:27AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Company held on June 13, 2014 (the "Meeting" :
Fortress Paper Receives Deferral on Investissement Quebec Loan
Marketwire - Mon Mar 31, 7:32AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) announced today that it has been granted a deferral on its upcoming principal payment under its $102.4 million project financing loan with Investissement Quebec (the "IQ Loan" relating to its Fortress Specialty Cellulose Mill. The Company received, without penalty, a deferral of approximately $4.3 million in principal repayment which was payable in the second quarter of 2014. This principal payment deferral is in addition to the previously disclosed deferral of approximately $5.3 million in principal and interest payments which were payable during the first quarter of 2014 under the IQ Loan. The purpose of these deferrals is to provide the Company with greater financial flexibility and increased working capital.
Fortress Paper Announces Fourth Quarter 2013 Results
Marketwire - Mon Mar 10, 7:35PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) reported 2013 fourth quarter EBITDA loss of $9.4 million. The Dissolving Pulp Segment generated EBITDA loss of $10.8 million and the Security Paper Products Segment generated EBITDA of $2.7 million. Corporate costs contributed $1.3 million to EBITDA loss.
Fortress Specialty Cellulose Mill Restarts Operation
Marketwire - Tue Mar 04, 2:02AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) announced today that its Fortress Specialty Cellulose Mill (the "FSC Mill" in Thurso, Quebec restarted operations after taking market downtime of 10 weeks. The FSC Mill will be producing initially northern bleached hardwood kraft (NBHK) pulp and expects to ramp-up to normalized production in approximately 15 days. In keeping with the Company's "swing mill" strategy, the FSC Mill will continue to operate by swinging production between both NBHK pulp and dissolving pulp to best respond to changing market conditions, particularly in light of the interim anti-dumping trade duty currently imposed by China's Ministry of Commerce.
Fortress Paper Provides Update on Fortress Specialty Cellulose Mill
Marketwire - Tue Jul 02, 8:02AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Company" wishes to provide an update on its operations at its Fortress Specialty Cellulose Mill (the "FSC Mill" in Thurso, Quebec.
Fortress Paper Announces That Landqart AG Appoints a New Chief Executive Officer for Its Security Paper Products Business
Marketwire - Wed Jun 19, 2:14AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Corporation" is pleased to announce the appointment of Axel Wappler as Chief Executive Officer of its security paper products business, effective July 1, 2013.
Nanotech Announces Completion of Fortress Optical Acquisition
ACCESSWIRE - 2 hrs 16 mins ago
VANCOUVER, BC / ACCESSWIRE / September 16, 2014 / Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF), announces that further to its news releases of August 26 and September 12, 2014 the Company has now completed the acquisition of 100% of Fortress Optical Features Ltd. from an affiliate of Fortress Paper Ltd. In conjunction with the completion of this acquisition Nanotech has converted the 6,184,953 subscription receipts issued September 12, 2014 for proceeds of $9.3 million into 6,184,953 common shares and 3,092,477 share purchase warrants. The acquisition of Fortress Optical Features will serve as a platform to accelerate commercialization of Nanotech's technology by integrating it into Fortress Optical's product line by adding KolourOptik(tm) images to the OTF threads. The acquisition includes Fortress Optical Features' state-of-the-art building and vacuum metal deposition equipment, located near Ottawa.
Fortress Completes Sale of Fortress Optical Features
Marketwire - Tue Sep 16, 4:30PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) is pleased to announce that it has successfully completed the sale of Fortress Optical Features Ltd. ("FOF" to Nanotech Security Corp. ("Nanotech" , previously announced on August 26, 2014. The purchase price for the sale is up to $17,500,000, subject to a post-closing working capital adjustment and earn-out in respect of 3,000,000 common shares of Nanotech, which shares were issued at a deemed price of $1.50 per share and will be held in escrow to be released to the Company upon the achievement of certain business milestones by FOF and/or Nanotech over a five year period. Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features
PRWeb - Tue Aug 26, 6:11PM CDT
Nanotech Security Corp. (TSXV:NTS) (OTCQX:NTSFF) ("Nanotech" or "the Company"
today announces an agreement with Fortress Global Securities Sarl, a subsidiary of TSX listed Fortress Paper Ltd. ("Fortress Paper" , to purchase 100% of Fortress Optical Features Ltd. ("Fortress Optical Features" , a producer of optical thin film ("OTF" used as security threads in banknotes in several countries. The definitive share and loan purchase agreement (the "Purchase Agreement" provides for Nanotech to acquire 100% of the issued and outstanding securities of Fortress Optical Features for consideration of up to $17.5 million, of which 3 million Nanotech shares (up to $4.5 million) is contingent on the future operating performance of Fortress Optical Features. Nanotech has also entered into an agreement with a Canadian broker to act as sole lead manager and sole book-runner in respect of a private placement of equity securities to fund the cash portion of the purchase price for Fortress Optical Features. The private placement has been structured as an offering of subscription receipts whereby closing of the private placement will be contingent on and be concurrent with completion of the acquisition of Fortress Optical Features by the Company. To date, subscription agreements in excess of $8.0 million have been received which is an amount sufficient to pay the cash portion of the purchase price under the Purchase Agreement. All monetary amounts are in Canadian dollars. IIROC Trade Resumption - Fortress Paper Ltd.
Newsfile Corp - Tue Aug 26, 8:09AM CDT
Trading resumes in:
Fortress Agrees to Sell Fortress Optical Features
Marketwire - Tue Aug 26, 8:05AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) is pleased to announce that it has, through a wholly-owned subsidiary, entered into a share and loan purchase agreement (the "Purchase Agreement" with Nanotech Security Corp. ("Nanotech" (TSX VENTURE: NTS), as purchaser, for the sale of all of the shares of its wholly-owned subsidiary, Fortress Optical Features Ltd. ("FOF" , and shareholder loans, for an aggregate purchase price of up to $17,500,000 (the "Purchase Price" , subject to a working capital adjustment and earn-out. IIROC Trade Halt - Fortress Paper Ltd.
Newsfile Corp - Tue Aug 26, 7:57AM CDT
The following issues have been halted by IIROC:
Fortress Paper Announces Second Quarter 2014 Results
Marketwire Canada - Wed Aug 06, 6:15PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) reported a 2014 second quarter EBITDA loss of $6.0 million. The Dissolving Pulp Segment generated EBITDA loss of $4.2 million and the Security Paper Products Segment generated EBITDA loss of $0.4 million. Corporate costs contributed $1.4 million to EBITDA loss. Fortress Announces Voting Results for the Election of Directors
Marketwire - Wed Jun 18, 1:27AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Company held on June 13, 2014 (the "Meeting" : Fortress Paper Receives Deferral on Investissement Quebec Loan
Marketwire - Mon Mar 31, 7:32AM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announced today that it has been granted a deferral on its upcoming principal payment under its $102.4 million project financing loan with Investissement Quebec (the "IQ Loan" relating to its Fortress Specialty Cellulose Mill. The Company received, without penalty, a deferral of approximately $4.3 million in principal repayment which was payable in the second quarter of 2014. This principal payment deferral is in addition to the previously disclosed deferral of approximately $5.3 million in principal and interest payments which were payable during the first quarter of 2014 under the IQ Loan. The purpose of these deferrals is to provide the Company with greater financial flexibility and increased working capital. Fortress Paper Announces Fourth Quarter 2013 Results
Marketwire - Mon Mar 10, 7:35PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) reported 2013 fourth quarter EBITDA loss of $9.4 million. The Dissolving Pulp Segment generated EBITDA loss of $10.8 million and the Security Paper Products Segment generated EBITDA of $2.7 million. Corporate costs contributed $1.3 million to EBITDA loss. Fortress Specialty Cellulose Mill Restarts Operation
Marketwire - Tue Mar 04, 2:02AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announced today that its Fortress Specialty Cellulose Mill (the "FSC Mill" in Thurso, Quebec restarted operations after taking market downtime of 10 weeks. The FSC Mill will be producing initially northern bleached hardwood kraft (NBHK) pulp and expects to ramp-up to normalized production in approximately 15 days. In keeping with the Company's "swing mill" strategy, the FSC Mill will continue to operate by swinging production between both NBHK pulp and dissolving pulp to best respond to changing market conditions, particularly in light of the interim anti-dumping trade duty currently imposed by China's Ministry of Commerce. Fortress Paper Provides Update on Fortress Specialty Cellulose Mill
Marketwire - Tue Jul 02, 8:02AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Company"
wishes to provide an update on its operations at its Fortress Specialty Cellulose Mill (the "FSC Mill" in Thurso, Quebec. Fortress Paper Announces That Landqart AG Appoints a New Chief Executive Officer for Its Security Paper Products Business
Marketwire - Wed Jun 19, 2:14AM CDT
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Corporation"
is pleased to announce the appointment of Axel Wappler as Chief Executive Officer of its security paper products business, effective July 1, 2013. 
