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| Home : CanWel Announces Acquisition of Jemi Fibre and Concurrent Bought Deal Equity Financing |
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Mar 10
2016 |
CanWel Announces Acquisition of Jemi Fibre and Concurrent Bought Deal Equity Financing |
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- Acquiring approximately 136,000 acres of private timberlands, harvesting operations, several post peeling facilities, two specialty wood treatment plants and one specialty saw mill - Creates Canada's only vertically-integrated building materials distribution company - Expected to be immediately accretive to CanWel's earnings and cash flow per share - Unanimously approved by both Boards of Directors, with irrevocable support agreements signed by the holders of approximately 52% of Jemi Fibre's outstanding shares - Partially funded via $20 million bought deal private placement of subscription receipts |
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| Source:http://www.marketwired.com/mw/release.do?id=2104595&sourceType=3 |
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