Monday, October 29, 2012

Third Deadline Catalyst Paper’s Elk Falls Sale Passes

Third deadline for sale of Catalyst Paper’s Elk Falls mill seems to have passed without a completed deal:
Catalyst Paper plans to sell its abandoned Elk Falls mill site in British Columbia to Alberta developer Harold Jahn for $8.6 million.
Jahn, owner of  Pacifica Deep Sea Terminals Incorporated, plans to transform the 400 acre site into an industrial park and port facility.
However deadlines to complete the deal keep coming and going and it doesn’t seem that the deal has been finalized.