Conifex approved for TSX graduation
May 5, 2014, Vancouver - Conifex Timber has received conditional approval from the Toronto Stock Exchange ("TSX") for the listing of its common shares on the TSX, subject to the completion of customary requirements of the TSX, including receipt of all required documentation. Once final approval is received, the common shares of Conifex will commence trading on the TSX and be delisted from the TSX Venture Exchange. Upon listing on the TSX, it is expected that Conifex's common shares will continue to trade under the symbol "CFF."
Ken Shields, Chief Executive Officer of Conifex commented: "Conifex's graduation to the TSX reflects the progress we have made transitioning from purchasing idled sawmills in 2008 and 2010 to producing 500 million board feet of lumber on an annual basis. In 2013, our company generated over $250 million in revenues and $9 million in net income after tax. Later this year, we plan to complete construction and commence operation of a power generation facility selling renewable 'green' electricity to over 20,000 British Columbia residences."