Press Release
INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that Lawrence Sauder, Chair of Interfor’s Board of Directors, has advised the Company of his intention to sell, subject to market conditions, a portion of his common shares of Interfor within the next 9 months. This transaction is a result of financial and estate planning. Mr. Sauder currently holds 345,274 common shares and 97,271 deferred share units and he will continue to exceed his minimum share ownership requirement of three times the current annual non-executive director after any sale.
Mr. Sauder emphasized he will remain a long-term investor in Interfor and continues to have great confidence in the Company’s future.
For the same planning reasons, Mr. Sauder has advised Hardwoods Distribution Inc., a publicly listed building products distributor, of which he is Board Chair, that he is also selling a portion of his common shares in that Company.
ABOUT INTERFOR
Interfor is a growth-oriented forest products company with operations in Canada and the United States. The Company has annual production capacity of approximately 3.0 billion board feet and offers a diverse line of lumber products to customers around the world. For more information about Interfor, visit our website at www.interfor.com.
Investor contact and further information:
Mike Mackay, Vice President of Corporate Development & Strategy (604) 689-6846
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