Conifex Timber (CFXTF) 7.1093 $CFXTF
Conifex Provides Update on 72 Hour Run Test for Mackenzie Power Project
Marketwired - Tue Oct 14, 8:11AM CDT
Conifex Timber Inc. ("Conifex"
(TSX: CFF) today announced that its wholly-owned subsidiary, Conifex Power Limited Partnership ("CPLP" , commenced its 72 hour run test required to achieve the commercial operation date for the Mackenzie Power Project on Saturday, October 11, 2014. The entire facility performed well and met performance expectations for a period of 24 hours. However, CPLP subsequently halted the test prior to completion as a result of a failure of certain newly installed electrical equipment. Conifex is currently working with its contractors and equipment suppliers to remediate the matter and will re-schedule the 72 hour test as soon as appropriate thereafter.
CFF.TO: 7.29 (-0.19)
Conifex Provides Update on Mackenzie Power Generation Project and Earnings Call
Marketwired - Thu Oct 09, 6:46PM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX: CFF) today announced that its wholly-owned subsidiary, Conifex Power Limited Partnership, has completed construction of its Mackenzie, B.C. power generation project (the "Power Plant" and is, in the ordinary course, currently commissioning its various systems and operating the same. Conifex expects that the continuous 72 hour run test required to achieve the commercial operation date ("COD" in accordance with the Electricity Purchase Agreement with BC Hydro (the "EPA" will commence shortly. Upon achieving COD, the Power Plant will commence providing power under the EPA and generating revenues.
CFF.TO: 7.29 (-0.19)
Conifex Announces Second Quarter 2014 Results
Marketwire - Wed Aug 06, 8:05AM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX VENTURE: CFF) today reported net income of $2.0 million or $0.10 per iluted share for the second quarter of 2014 compared to net income of $1.6 million or $0.08 per diluted share for the previous quarter and net income of $2.4 million or $0.12 per diluted share for the second quarter of 2013. Net income for the first six months of 2014 was $3.6 million or $0.17 per diluted share compared to net income of $8.6 million or $0.42 per diluted share over the same period last year.
CFF.VN: 8.210 (-0.090)
Conifex to Release Second Quarter 2014 Results
Marketwire - Tue Jul 08, 5:22PM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX: CFF) announces that it intends to release its second quarter 2014 financial results prior to market open on Wednesday, August 6. The Company will hold a live conference call at 8:00 AM Pacific Time (11:00 AM Eastern Time) the same day to discuss results. To participate in the call, please dial one of the following numbers:
CFF.TO: 7.29 (-0.19)
Conifex Announces Voting Results for the Election of Directors
Marketwire - Thu Jun 12, 8:03AM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX: CFF) is pleased to announce the voting results in respect of the election of all director nominees from its annual general meeting (the "AGM" held June 10, 2014 in Prince George, British Columbia as follows:
CFF.TO: 7.29 (-0.19)
Conifex Announces Issuance of Common Shares
Marketwire - Mon Mar 03, 6:14PM CST
Conifex Timber Inc. ("Conifex" or the "Company" (TSX VENTURE: CFF) today announced that it has issued 1,430 common shares (the "Common Shares" of the Company at a deemed price of $9.50 per Common Share pursuant to previously agreed severance arrangements with a former employee. The Common Shares are subject to a four-month hold period from the date of issue. The TSX Venture Exchange has previously accepted the issuance of such Common Shares.
CFF.VN: 8.210 (-0.090)
Conifex Announces Fourth Quarter 2013 Results
Marketwire - Fri Feb 21, 3:01PM CST
Conifex Timber Inc. ("Conifex" or the "Company" (TSX VENTURE: CFF) today reported net income of $1.1 million or $0.05 per diluted share for the fourth quarter of 2013 compared to a net loss of $0.1 million or $0.01 per share for the previous quarter and a net loss of $3.6 million or $0.18 per share for the fourth quarter of 2012. The net income for the year ended December 31, 2013 was $9.5 million or $0.46 per diluted share compared to a net loss of $16.2 million or $0.86 per share for the year ended December 31, 2012.
CFF.VN: 8.210 (-0.090)
Conifex Announces Closing of Senior Secured Financing
Marketwire - Wed Sep 18, 9:07AM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX VENTURE: CFF) announced today that it has completed its previously announced senior secured financing (the "Financing" pursuant to which the Company issued promissory notes to investment funds managed by Vertex One Asset Management Inc. in the aggregate principal amount of $30 million.
CFF.VN: 8.210 (-0.090)
Conifex Announces Commitment for Funding of Mackenzie Power Project
Marketwire - Tue Sep 17, 4:50PM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX VENTURE: CFF) announced today that, further to its prior news release, its wholly-owned subsidiary, Conifex Power Limited Partnership ("Conifex Power" , has accepted commitment letters from a syndicate of three institutional lenders led by a Canadian chartered bank for secured project financing (the "Project Financing" for its planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power Project" . The Project Financing is for an aggregate of $103 million and will include approximately $80 million (the "Loan Facility" as a development and construction loan for the Power Project. The Loan Facility will consist of a construction loan which will mature approximately 14 months from the closing date and convert into an amortized term loan having a term of 5 years once the conditions to conversion are satisfied, including substantial completion of construction of the Power Project. The balance of the Project Financing will be in the form of a letter of credit facility primarily to secure certain obligations of Conifex Power under its existing load displacement agreement and a $1.75 million revolving operating facility.
CFF.VN: 8.210 (-0.090)
Conifex Announces Recommencement of Mackenzie Bioenergy Project
Marketwire - Mon Sep 16, 7:31AM CDT
Conifex Timber Inc. ("Conifex" or the "Company" (TSX VENTURE: CFF) announced today that its wholly-owned subsidiary Conifex Power Limited Partnership ("Conifex Power" has received oral confirmation that it shall receive a commitment for secured project financing (the "Project Financing" for its planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power Project" in the aggregate amount of approximately $100 million from a syndicate of lenders. As a result, Conifex Power has recommenced construction of the Power Project. Conifex expects to receive formal commitment for the Project Financing shortly.
CFF.VN: 8.210 (-0.090)
Conifex Provides Update on 72 Hour Run Test for Mackenzie Power Project
Marketwired - Tue Oct 14, 8:11AM CDT
Conifex Timber Inc. ("Conifex"
(TSX: CFF) today announced that its wholly-owned subsidiary, Conifex Power Limited Partnership ("CPLP" , commenced its 72 hour run test required to achieve the commercial operation date for the Mackenzie Power Project on Saturday, October 11, 2014. The entire facility performed well and met performance expectations for a period of 24 hours. However, CPLP subsequently halted the test prior to completion as a result of a failure of certain newly installed electrical equipment. Conifex is currently working with its contractors and equipment suppliers to remediate the matter and will re-schedule the 72 hour test as soon as appropriate thereafter. CFF.TO: 7.29 (-0.19)
Conifex Provides Update on Mackenzie Power Generation Project and Earnings Call
Marketwired - Thu Oct 09, 6:46PM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX: CFF) today announced that its wholly-owned subsidiary, Conifex Power Limited Partnership, has completed construction of its Mackenzie, B.C. power generation project (the "Power Plant" and is, in the ordinary course, currently commissioning its various systems and operating the same. Conifex expects that the continuous 72 hour run test required to achieve the commercial operation date ("COD" in accordance with the Electricity Purchase Agreement with BC Hydro (the "EPA" will commence shortly. Upon achieving COD, the Power Plant will commence providing power under the EPA and generating revenues. CFF.TO: 7.29 (-0.19)
Conifex Announces Second Quarter 2014 Results
Marketwire - Wed Aug 06, 8:05AM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX VENTURE: CFF) today reported net income of $2.0 million or $0.10 per iluted share for the second quarter of 2014 compared to net income of $1.6 million or $0.08 per diluted share for the previous quarter and net income of $2.4 million or $0.12 per diluted share for the second quarter of 2013. Net income for the first six months of 2014 was $3.6 million or $0.17 per diluted share compared to net income of $8.6 million or $0.42 per diluted share over the same period last year. CFF.VN: 8.210 (-0.090)
Conifex to Release Second Quarter 2014 Results
Marketwire - Tue Jul 08, 5:22PM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX: CFF) announces that it intends to release its second quarter 2014 financial results prior to market open on Wednesday, August 6. The Company will hold a live conference call at 8:00 AM Pacific Time (11:00 AM Eastern Time) the same day to discuss results. To participate in the call, please dial one of the following numbers: CFF.TO: 7.29 (-0.19)
Conifex Announces Voting Results for the Election of Directors
Marketwire - Thu Jun 12, 8:03AM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX: CFF) is pleased to announce the voting results in respect of the election of all director nominees from its annual general meeting (the "AGM" held June 10, 2014 in Prince George, British Columbia as follows: CFF.TO: 7.29 (-0.19)
Conifex Announces Issuance of Common Shares
Marketwire - Mon Mar 03, 6:14PM CST
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX VENTURE: CFF) today announced that it has issued 1,430 common shares (the "Common Shares" of the Company at a deemed price of $9.50 per Common Share pursuant to previously agreed severance arrangements with a former employee. The Common Shares are subject to a four-month hold period from the date of issue. The TSX Venture Exchange has previously accepted the issuance of such Common Shares. CFF.VN: 8.210 (-0.090)
Conifex Announces Fourth Quarter 2013 Results
Marketwire - Fri Feb 21, 3:01PM CST
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX VENTURE: CFF) today reported net income of $1.1 million or $0.05 per diluted share for the fourth quarter of 2013 compared to a net loss of $0.1 million or $0.01 per share for the previous quarter and a net loss of $3.6 million or $0.18 per share for the fourth quarter of 2012. The net income for the year ended December 31, 2013 was $9.5 million or $0.46 per diluted share compared to a net loss of $16.2 million or $0.86 per share for the year ended December 31, 2012. CFF.VN: 8.210 (-0.090)
Conifex Announces Closing of Senior Secured Financing
Marketwire - Wed Sep 18, 9:07AM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX VENTURE: CFF) announced today that it has completed its previously announced senior secured financing (the "Financing" pursuant to which the Company issued promissory notes to investment funds managed by Vertex One Asset Management Inc. in the aggregate principal amount of $30 million. CFF.VN: 8.210 (-0.090)
Conifex Announces Commitment for Funding of Mackenzie Power Project
Marketwire - Tue Sep 17, 4:50PM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX VENTURE: CFF) announced today that, further to its prior news release, its wholly-owned subsidiary, Conifex Power Limited Partnership ("Conifex Power" , has accepted commitment letters from a syndicate of three institutional lenders led by a Canadian chartered bank for secured project financing (the "Project Financing" for its planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power Project" . The Project Financing is for an aggregate of $103 million and will include approximately $80 million (the "Loan Facility" as a development and construction loan for the Power Project. The Loan Facility will consist of a construction loan which will mature approximately 14 months from the closing date and convert into an amortized term loan having a term of 5 years once the conditions to conversion are satisfied, including substantial completion of construction of the Power Project. The balance of the Project Financing will be in the form of a letter of credit facility primarily to secure certain obligations of Conifex Power under its existing load displacement agreement and a $1.75 million revolving operating facility. CFF.VN: 8.210 (-0.090)
Conifex Announces Recommencement of Mackenzie Bioenergy Project
Marketwire - Mon Sep 16, 7:31AM CDT
Conifex Timber Inc. ("Conifex" or the "Company"
(TSX VENTURE: CFF) announced today that its wholly-owned subsidiary Conifex Power Limited Partnership ("Conifex Power" has received oral confirmation that it shall receive a commitment for secured project financing (the "Project Financing" for its planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power Project" in the aggregate amount of approximately $100 million from a syndicate of lenders. As a result, Conifex Power has recommenced construction of the Power Project. Conifex expects to receive formal commitment for the Project Financing shortly. CFF.VN: 8.210 (-0.090)
