TimberWest Announces Intention to Sell Approximately 46,500 Acres of Select Timberland Assets on Vancouver Island
Vancouver, Canada (ots/PRNewswire)
TimberWest Forest
Corp. ("TimberWest") announced today that it intends to divest up to
four discrete timberland properties located on Vancouver Island in
the Province of British Columbia, Canada. These timberland assets
include the Beauforts, China Creek, Parksville and Trent properties,
which comprise a total area of approximately 46,487 acres (or 18,813
hectares) and have a combined timber inventory of over 4.0 million
cubic meters. These four properties represent small, isolated parcels
of timberlands, most of which are not contiguous with TimberWest's
core timberland operations in either the north or the south of
Vancouver Island.BMO Capital Markets has been retained as exclusive financial advisor for the sale of these timberlands and interested parties should contact them at (604) 443-1445.
About TimberWest Forest Corp.
TimberWest Forest Corp. is uniquely positioned as western Canada's largest private timber and land management company. The Company owns in fee simple approximately 322,000 hectares or 796,000 acres of private land and is in the business of selling timber products and real estate.
For further information: TimberWest Contact: Bev Park, Executive Vice President & CFO, +1-604-654-4600; BMO Capital Markets Contact: Morten Eisenhardt, Investment Banking, +1-604-443-1445
Contact:
For further information: TimberWest Contact: Bev Park, Executive Vice
President & CFO, +1-604-654-4600; BMO Capital Markets Contact: Morten
Eisenhardt, Investment Banking, +1-604-443-1445