Canfor Pulp Announces Normal Course Issuer Bid

Canfor Pulp Announces Normal Course Issuer Bid 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/01/13 -- Canfor
Pulp Products Inc. (TSX:CFX) announced today that it has received
regulatory approval for a normal course issuer bid to purchase for
cancellation up to 3,563,489 Common Shares or approximately 5% of the
71,269,790 Shares outstanding on February 25, 2013, at prevailing
market prices in accordance with the rules of The Toronto Stock
Exchange. The normal course issuer bid will commence on March 5, 2013
and continue until March 4, 2014, unless completed or terminated
earlier. Canfor Pulp believes the normal course issuer bid is in the
best interests of the company. Purchases of Common Shares made under
the bid will be effected through the facilities of the TSX,
alternative trading systems, or as otherwise previously approved by
the TSX. 
Canfor Pulp's parent company, Canfor Corporation, has today also
announced its initiation of a normal course issuer bid for the
purchase of up to 5% of its issued share capital, through the
facilities and in accordance with the Rules of The Toronto Stock
Exchange. 
Purchases will be made at the discretion of the Company at prevailing
market prices, through the facilities of the TSX, in compliance with
regulatory requirements. Daily purchases will be restricted to not
more than 21,188 shares, representing 25% of the average daily
trading volume of the Company's shares on the TSX, subject to certain
prescribed exemptions. There can be no assurance as to the precise
number of shares that will be repurchased under the share repurchase
program. The Company may discontinue its purchases at any time,
subject to compliance with applicable regulatory requirements. The
Company intends to hold all shares acquired under the issuer bid for
cancellation. The Company has not purchased any of its common shares
in the last 12 months. 
Forward Looking Statements 
Certain statements in this press release constitute "forward-looking
statements" which involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially
different from any future results, performance or achievements
expressed or implied by such statements. Words such as "expects",
"anticipates", "projects", "intends", "plans", "will", "believes",
"s
eeks", "estimates", "should", "may", "could", and variations of
such words and similar expressions are intended to identify such
forward-looking statements. These statements are based on
management's current expectations and beliefs and actual events or
results may differ materially. There are many factors that could
cause such actual events or results expressed or implied by such
forward-looking statements to differ materially from any future
results expressed or implied by such statements. Forward-looking
statements are based on current expectations and the Company assumes
no obligation to update such information to reflect later events or
developments, except as required by law. 
CPPI is a leading global supplier of pulp and paper products with
operations based in the central interior of British Columbia. The
Company owns and operates three mills with annual capacity to produce
over one million tonnes of northern softwood market kraft pulp, 90%
of which is bleached to become NBSK pulp for sale to the market, and
approximately 140,000 tonnes of kraft paper. CPPI shares are traded
on the Toronto Stock Exchange under the symbol CFX.
Contacts:
Canfor Pulp Products Inc. - Media Contact
Christine Kennedy
Vice President, Brand and External Relations
(604) 661-5223
christine.kennedy@canfor.com 
Canfor Pulp Products Inc. - For information
Patrick Elliott
Vice President and Treasurer
(604) 661-5441
patrick.elliott@canfor.com
 
 
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