Pacific West Adding $40 Million & Other Port Hawk. News

http://www.capebretonpost.com/News/Local/2012-08-22/article-3058621/Pacific-West-to-spend-$40M-to-get-mill-going/1

Pacific West Commercial Corp. will put up $40 million of its money, in addition to the purchase price, to get the former NewPage paper mill operating again, a company official says.

It will take a total of $80 million in working capital to get the mill, to be named Port Hawkesbury Paper, up and running, including the $40-million repayable loan the province announced this week.

http://thechronicleherald.ca/business/128648-ecological-group-gives-cautious-thumbs-up-to-newpage-mill-deal

An environmental advocacy group is cautiously applauding the Nova Scotia government’s fibre deal with the potential new owner of the former NewPage Port Hawkesbury paper mill.

The outline of the forest utilization licence agreement between the province and Pacific West Commercial Corp. was released this week.

http://www.canada.com/business/Pacific+West+wants+mill+agreement/7128827/story.html

The Vancouver company working to buy an idled Nova Scotia paper mill is arguing that its municipal tax bill should be about one-sixth of what it is currently expected to pay.

Pacific West Commercial Corp. wants the Nova Scotia Supreme Court to cancel the Port Hawkesbury mill's tax agreement with Richmond County.