Fortress Paper Cl A (FTPLF) 3.0092 $FTPLF
Fortress Paper Announces Completion of the Sale of the Lebel-sur-Quévillon Pulp Mill and Sawmill Assets
Marketwired - Wed Jul 27, 3:30PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 27, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) is pleased to announce that its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global" and Fortress Lumber Corp. (together with Fortress Global, the "Vendor", have successfully closed the asset purchase agreement (the "APA" entered into with LSQ Energy, L.P. and LSQ Development, L.P. (collectively, the "Purchaser", previously announced on June 23, 2016. The APA provides for the sale of all of the assets relating to the non-operating pulp mill and sawmill, as well as the cogeneration facility, located in Lebel-sur-Quévillon, Québec. Pursuant to the closing of the APA, the trust agreement among BMO Trust Company, 9109-3294 Québec Inc. ("9109", Domtar Inc. and Fortress Global dated June 13, 2012 (the "Trust Agreement" was amended, and the Purchaser assumed $7.5 million of the Vendor's liabilities thereunder, which amount has been paid to the trustee pursuant to the amended Trust Agreement and to 9109 in repayment of amounts previously paid into the trust. The Company also obtained the release of the letters of credit in the aggregate amount of $1.125 million which had been previously deposited with Hydro Québec Distribution in connection with an electricity supply contract.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Completion of Sale and Leaseback Transaction at Landqart Mill
Marketwire Canada - Tue Jul 12, 6:01AM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 12, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) is pleased to announce that its wholly owned subsidiary, Landqart AG ("Landqart", has successfully completed the sale of its lands and buildings related to its security paper business located in Landquart, Switzerland (the "Transaction", previously announced on June 6, 2016, to GAM Investment Management (Switzerland) AG on behalf of Procimmo Swiss Commercial Fund II. The aggregate purchase price for the Transaction was CHF 44,500,000, or approximately CDN$59 million.
FTP.TO: 3.91 (-0.04)
Fortress Paper Extends Closing Date for the Sale of the Fortress Global Cellulose Mill
Marketwired - Fri Jul 08, 7:18PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 8, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) announces that its wholly owned-subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., have entered into an amendment to the previously announced asset purchase agreement with LSQ Energy, L.P. and LSQ Development, L.P. dated June 22, 2016 (the "APA" relating to the sale of the Fortress Global Cellulose Mill assets, to extend the closing date of the APA to on or before July 29, 2016.
FTP.TO: 3.91 (-0.04)
Fortress Paper Agrees to Sell Lebel-sur-Quevillon Pulp Mill and Sawmill Assets for $15.36 Million
Marketwire Canada - Thu Jun 23, 5:01AM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 23, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) is pleased to announce that it has, through its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global" and Fortress Lumber Corp. (together with Fortress Global, the "Vendor", entered into an asset purchase agreement (the "APA" with LSQ Energy, L.P. ("Energy LP" and LSQ Development, L.P. (together with Energy LP, the "Purchaser", each a wholly-owned subsidiary of Nexolia Bioenergy Inc., providing for the sale of the buildings, equipment and other ancillary property relating to the non-operating pulp mill and sawmill, as well as the energy generation, connection and transmission plant and related equipment, located in Lebel-sur-Quévillon, Québec (the "LSQ Mill" for an aggregate purchase price of $15.36 million. Pursuant to the terms of the APA, the Company has agreed to guarantee certain limited representations and warranties of the Vendor. The transaction is expected to close on or before July 8, 2016.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Sale and Leaseback Transaction at Landqart Mill
Marketwire Canada - Mon Jun 06, 3:01AM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 6, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) is pleased to announce that its wholly-owned subsidiary Landqart AG ("Landqart" has entered into a purchase agreement (the "Purchase Agreement" with GAM Investment Management (Switzerland) AG on behalf of Procimmo Swiss Commercial Fund II (the "Purchaser" for the sale of its lands and buildings related to its security paper business located in Landquart, Switzerland, for the aggregate purchase price of CHF 44,500,000 (approximately CDN$59 million), subject to customary conveyancing adjustments. The closing of the Purchase Agreement is subject to certain customary conditions for transactions of this nature including the Purchaser obtaining financing. Landqart has received a deposit for the purchase price in the amount of CHF 500,000 (approximately CDN$660,000), which Landqart may retain if the Purchaser's financing condition is not satisfied.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces First Quarter 2016 Results
Marketwire Canada - Mon May 16, 6:56PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) reported 2016 first quarter operating EBITDA of $1.1 million. The Dissolving Pulp Segment generated operating EBITDA of $1.3 million and the Security Paper Products Segment generated EBITDA of $1.8 million. Corporate costs included in operating EBITDA were $2.0 million.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Voting Results for Its 2016 Annual General and Special Meeting
Marketwired - Mon Apr 25, 7:08PM 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 April 21, 2016 (the "Meeting":
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Automatic Share Purchase Plan Pursuant to Its Normal Course Issuer Bid
Marketwired - Thu Mar 31, 7:03PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) announces today that in connection with its previously reported normal course issuer bid (the "Bid", which commenced on January 6, 2016, Fortress Paper has entered into an automatic securities purchase plan (the "Plan" with its designated broker in order to facilitate purchases of its 6.5% convertible unsecured subordinated debentures due on December 31, 2016 (Trading Symbol: FTP.DB) (the "6.5% Debentures" and its 7.0% convertible unsecured subordinated debentures due on December 31, 2019 (Trading Symbol: FTP.DB.A) (the "7.0% Debentures" under the Bid.
FTP.TO: 3.91 (-0.04)
Kazakhstan 20,000 Tenge Note Produced With Fortress Paper's Durasafe(R) Banknote Substrate Wins Regional Banknote of the Year Award
Marketwired - Fri Mar 18, 3:31PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) is pleased to announce that the National Bank of Kazakhstan 20,000 Tenge banknote produced with Fortress Paper's Durasafe(R) banknote substrate was the recipient of the Regional Banknote of the Year award at the High Security Printing Europe conference in Bucharest, Hungary on March 15, 2016.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Fourth Quarter 2015 Results
Marketwire Canada - Wed Mar 09, 7:33PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX:FTP) reported 2015 fourth quarter operating EBITDA of $3.3 million. The Dissolving Pulp Segment generated operating EBITDA of $1.5 million and the Security Paper Products Segment generated EBITDA of $3.9 million. Corporate costs included in operating EBITDA were $2.1 million.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Appointment of Director
Marketwired - Tue Jan 05, 7:02AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company" (TSX: FTP) is pleased to announce the appointment of Gerry Gaetz to the Board of Directors of the Company (the "Board". In addition to his appointment as a member of the Board, Mr. Gaetz will also serve on Fortress Paper's Audit Committee and Compensation Committee.
FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Completion of the Sale of the Lebel-sur-Quévillon Pulp Mill and Sawmill Assets
Marketwired - Wed Jul 27, 3:30PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 27, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) is pleased to announce that its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global" and Fortress Lumber Corp. (together with Fortress Global, the "Vendor", have successfully closed the asset purchase agreement (the "APA" entered into with LSQ Energy, L.P. and LSQ Development, L.P. (collectively, the "Purchaser", previously announced on June 23, 2016. The APA provides for the sale of all of the assets relating to the non-operating pulp mill and sawmill, as well as the cogeneration facility, located in Lebel-sur-Quévillon, Québec. Pursuant to the closing of the APA, the trust agreement among BMO Trust Company, 9109-3294 Québec Inc. ("9109", Domtar Inc. and Fortress Global dated June 13, 2012 (the "Trust Agreement" was amended, and the Purchaser assumed $7.5 million of the Vendor's liabilities thereunder, which amount has been paid to the trustee pursuant to the amended Trust Agreement and to 9109 in repayment of amounts previously paid into the trust. The Company also obtained the release of the letters of credit in the aggregate amount of $1.125 million which had been previously deposited with Hydro Québec Distribution in connection with an electricity supply contract. FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Completion of Sale and Leaseback Transaction at Landqart Mill
Marketwire Canada - Tue Jul 12, 6:01AM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 12, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) is pleased to announce that its wholly owned subsidiary, Landqart AG ("Landqart", has successfully completed the sale of its lands and buildings related to its security paper business located in Landquart, Switzerland (the "Transaction", previously announced on June 6, 2016, to GAM Investment Management (Switzerland) AG on behalf of Procimmo Swiss Commercial Fund II. The aggregate purchase price for the Transaction was CHF 44,500,000, or approximately CDN$59 million. FTP.TO: 3.91 (-0.04)
Fortress Paper Extends Closing Date for the Sale of the Fortress Global Cellulose Mill
Marketwired - Fri Jul 08, 7:18PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 8, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) announces that its wholly owned-subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., have entered into an amendment to the previously announced asset purchase agreement with LSQ Energy, L.P. and LSQ Development, L.P. dated June 22, 2016 (the "APA" relating to the sale of the Fortress Global Cellulose Mill assets, to extend the closing date of the APA to on or before July 29, 2016. FTP.TO: 3.91 (-0.04)
Fortress Paper Agrees to Sell Lebel-sur-Quevillon Pulp Mill and Sawmill Assets for $15.36 Million
Marketwire Canada - Thu Jun 23, 5:01AM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 23, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) is pleased to announce that it has, through its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global" and Fortress Lumber Corp. (together with Fortress Global, the "Vendor", entered into an asset purchase agreement (the "APA" with LSQ Energy, L.P. ("Energy LP" and LSQ Development, L.P. (together with Energy LP, the "Purchaser", each a wholly-owned subsidiary of Nexolia Bioenergy Inc., providing for the sale of the buildings, equipment and other ancillary property relating to the non-operating pulp mill and sawmill, as well as the energy generation, connection and transmission plant and related equipment, located in Lebel-sur-Quévillon, Québec (the "LSQ Mill" for an aggregate purchase price of $15.36 million. Pursuant to the terms of the APA, the Company has agreed to guarantee certain limited representations and warranties of the Vendor. The transaction is expected to close on or before July 8, 2016. FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Sale and Leaseback Transaction at Landqart Mill
Marketwire Canada - Mon Jun 06, 3:01AM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 6, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) is pleased to announce that its wholly-owned subsidiary Landqart AG ("Landqart" has entered into a purchase agreement (the "Purchase Agreement" with GAM Investment Management (Switzerland) AG on behalf of Procimmo Swiss Commercial Fund II (the "Purchaser" for the sale of its lands and buildings related to its security paper business located in Landquart, Switzerland, for the aggregate purchase price of CHF 44,500,000 (approximately CDN$59 million), subject to customary conveyancing adjustments. The closing of the Purchase Agreement is subject to certain customary conditions for transactions of this nature including the Purchaser obtaining financing. Landqart has received a deposit for the purchase price in the amount of CHF 500,000 (approximately CDN$660,000), which Landqart may retain if the Purchaser's financing condition is not satisfied. FTP.TO: 3.91 (-0.04)
Fortress Paper Announces First Quarter 2016 Results
Marketwire Canada - Mon May 16, 6:56PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2016) - Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) reported 2016 first quarter operating EBITDA of $1.1 million. The Dissolving Pulp Segment generated operating EBITDA of $1.3 million and the Security Paper Products Segment generated EBITDA of $1.8 million. Corporate costs included in operating EBITDA were $2.0 million. FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Voting Results for Its 2016 Annual General and Special Meeting
Marketwired - Mon Apr 25, 7:08PM 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 April 21, 2016 (the "Meeting": FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Automatic Share Purchase Plan Pursuant to Its Normal Course Issuer Bid
Marketwired - Thu Mar 31, 7:03PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) announces today that in connection with its previously reported normal course issuer bid (the "Bid", which commenced on January 6, 2016, Fortress Paper has entered into an automatic securities purchase plan (the "Plan" with its designated broker in order to facilitate purchases of its 6.5% convertible unsecured subordinated debentures due on December 31, 2016 (Trading Symbol: FTP.DB) (the "6.5% Debentures" and its 7.0% convertible unsecured subordinated debentures due on December 31, 2019 (Trading Symbol: FTP.DB.A) (the "7.0% Debentures" under the Bid. FTP.TO: 3.91 (-0.04)
Kazakhstan 20,000 Tenge Note Produced With Fortress Paper's Durasafe(R) Banknote Substrate Wins Regional Banknote of the Year Award
Marketwired - Fri Mar 18, 3:31PM CDT
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) is pleased to announce that the National Bank of Kazakhstan 20,000 Tenge banknote produced with Fortress Paper's Durasafe(R) banknote substrate was the recipient of the Regional Banknote of the Year award at the High Security Printing Europe conference in Bucharest, Hungary on March 15, 2016. FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Fourth Quarter 2015 Results
Marketwire Canada - Wed Mar 09, 7:33PM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX:FTP) reported 2015 fourth quarter operating EBITDA of $3.3 million. The Dissolving Pulp Segment generated operating EBITDA of $1.5 million and the Security Paper Products Segment generated EBITDA of $3.9 million. Corporate costs included in operating EBITDA were $2.1 million. FTP.TO: 3.91 (-0.04)
Fortress Paper Announces Appointment of Director
Marketwired - Tue Jan 05, 7:02AM CST
Fortress Paper Ltd. ("Fortress Paper" or the "Company"
(TSX: FTP) is pleased to announce the appointment of Gerry Gaetz to the Board of Directors of the Company (the "Board". In addition to his appointment as a member of the Board, Mr. Gaetz will also serve on Fortress Paper's Audit Committee and Compensation Committee. FTP.TO: 3.91 (-0.04)
