FORT NELSON, B.C. – Canfor announced, Tuesday, that it has reached multi-year $30-million agreements with Peak Renewables involving the sale of the Company’s forest tenure in Fort Nelson.
According to Canfor, the transactions are subject to customary closing conditions, including approval from the B.C. Minister of Forests and the closing of the agreements is expected to occur in the first quarter of 2021.
The Company says the agreements follow Peak Renewables’ purchase of Canfor’s Fort Nelson mill assets in the third quarter of 2020.
Canfor President and CEO, Don Kayne, says he is pleased to have reached an agreement to sell their Fort Nelson tenure to Peak Renewables, a company that is committed to developing a long term plan to rejuvenate the forest industry in the region.
Thanks for Reading!
Energeticcity.ca is the voice of the Peace, bringing issues that matter to the forefront with independent journalism. Our job is to share the unique values of the Peace region with the rest of B.C. and make sure those in power hear us. From your kids’ lemonade stand to natural resource projects, we cover it–but we need your support.
Give $10 a month to Energeticcity.ca today and be the reason we can cover the next story.
