Friday, February 21, 2014

Western Forest Products Inc. - WEF.t

Western Forest Products Inc. - WEF.t is a margin focused timberlands manager and wood producer committed to building a profitable and globally competitive forest products business.

On January 29, 2014 the company released News

"Western Forest Products Announces Closing of the Secondary Offering by Brookfield Special Situations

January 31, 2014 – Vancouver, British Columbia. Western Forest Products Inc. (TSX:WEF) ("Western" or the "Company") and Brookfield Special Situations Management Limited ("Brookfield"), a wholly-owned subsidiary of Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM), today announced that they have closed the previously announced bought deal secondary offering, through which Brookfield sold 39,050,597 non-voting shares and 6,949,403 common shares of the Company (the “Offered Shares”) at an offering price of $1.98 per Offered Share (the “Offering”) for aggregate gross proceeds to Brookfield of C$91,080,000.

The Offering was conducted by Scotiabank, CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., Raymond James Ltd., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., MGI Securities Inc. and Salman Partners Inc. (collectively, the “Underwriters”). Closing of the Offering included the full exercise of the over-allotment option granted to the Underwriters. "