Catalyst Paper marks return to TSX with opening siren
RICHMOND, BC, Jan. 15, 2013 /PRNewswire/ – Catalyst Paper (TSX: CYT) is marking
its return to publicly traded status earlier this month by opening the
market at Toronto Stock Exchange today. Catalyst President and Chief
Executive Officer Kevin J. Clarke, is being joined by board member Todd
Dillabough, other Catalyst executives and representatives of several
key stakeholder groups to mark the event.
Catalyst’s new class of common shares began trading on TSX under the
symbol CYT on January 7, 2013. This follows the successful conclusion
of a reorganization conducted last year under the Companies’ Creditors
Arrangement Act, through which Catalyst achieved significant debt and
operating cost reductions.
“Everyone – employees, customers, suppliers and others – got behind the
need to change, adapt and innovate,” says Clarke. “Starting the trading
day is a great way to mark the fresh start that we’ve collectively
secured.” In the spirit of communities and commerce, Clarke will be
joined in initiating the siren by Adrian Dix, Member of the British
Columbia Legislative Assembly and Leader of the Official Opposition,
and Vice-President Lorne Richmond of YPG, the country’s largest
directory publisher and a longstanding Catalyst customer.
Catalyst Paper manufactures diverse specialty mechanical printing
papers, newsprint and pulp. Its customers include retailers, publishers
and commercial printers in North America, Latin America, the Pacific
Rim and Europe. With three mills, located in British Columbia, Catalyst
has a combined annual production capacity of 1.5 million tonnes. The
company is headquartered in Richmond, British Columbia, Canada and is
ranked by Corporate Knights magazine as one of the 50 Best Corporate
Citizens in Canada.
SOURCE Catalyst Paper Corporation