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Western Completes Sale of its Crown Tenure on Haida Gwaii to Taan Forest Limited Partnership; Previously Announced Deal Closed on June 28, 2012
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/28/12 -- Western Forest Products Inc. (TSX: WEF) ("Western" or "the Company") announces that it has closed the previously announced sale of Tree Farm Licence 60 ("TFL 60") and related assets on Haida Gwaii to Taan Forest Limited Partnership ("Taan"), a partnership of the Council of the Haida Nation and Haida Enterprise Corporation, the business arm of the Haida Nation. Under the terms of the sale, Western will receive net proceeds of approximately $12.2 million, of which $2.6 million has previously been [...]