Thursday, February 16, 2012

Update on Fibrek / Resolute Fight

Fibrek fighting for the rights of its shareholders to accept Mercer’s superior offer:
Fibrek Inc. announced today that a hearing before the Bureau de décision et de révision (Québec), the administrative tribunal with statutory jurisdiction in securities law and regulatory matters in the Province of Québec, will be held on February 17 and 20, 2012 to consider the application filed by AbitibiBowater Inc. (doing business as Resolute Forest Products) for an order to cease trade the superior offer proposed by Mercer International Inc. to acquire all of the issued and outstanding common shares of Fibrek and the private placement of 32,320,000 special warrants to Mercer for gross proceeds of $32,320,000.