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Jan. 15, 2013 /PRNewswire/ - Catalyst Paper (TSX: CYT) is marking its return to publicly traded status earlier this month by opening the market at Toronto Stock Exchange today. Catalyst President and Chief Executive Officer
Kevin J. Clarke, is being joined by board member
Todd Dillabough, other Catalyst executives and representatives of several key stakeholder groups to mark the event.
Catalyst's new class of common shares began trading on TSX under the symbol CYT on
January 7, 2013. This follows the successful conclusion of a reorganization conducted last year under the Companies' Creditors Arrangement Act, through which Catalyst achieved significant debt and operating cost reductions.
"Everyone - employees, customers, suppliers and others - got behind the need to change, adapt and innovate," says Clarke. "Starting the trading day is a great way to mark the fresh start that we've collectively secured." In the spirit of communities and commerce, Clarke will be joined in initiating the siren by
Adrian Dix, Member of the British Columbia Legislative Assembly and Leader of the Official Opposition, and Vice-President
Lorne Richmond of YPG, the country's largest directory publisher and a longstanding Catalyst customer.
Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in
Latin America, the
Pacific Rim and
Europe. With three mills, located in
British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes. The company is headquartered in
Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in
SOURCE Catalyst Paper Corporation