Fortress Paper Ltd. Class 'A' (T:FTP)
Business Focus: N/A
Jan 29, 2018 07:16 pm ET
Fortress Paper Announces Name Change to "Fortress Global Enterprises Inc." and Symbol Change
VANCOUVER, Jan. 29, 2018 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) is announcing that it has changed its name to "Fortress Global Enterprises Inc.", effective January 29, 2018, in order to better reflect its existing business and future prospects.
Dec 29, 2017 05:18 pm ET
Fortress Paper announces US$5,000,000 credit agreement
VANCOUVER, Dec. 29, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reports that its wholly-owned subsidiary, Fortress Specialty Cellulose Inc. ("FSC"), has entered into a credit agreement with a private arm's length lender, who will provide a secured revolving credit facility in the principal amount of up to US$5 million to FSC, subject to certain borrowing base restrictions (the "Loan"). The Loan will mature on December 30, 2020 and will accrue interest at a rate of LIBOR plus 5.75% per annum. The Loan is secured by FSC's wood fibre inventory lo
Dec 21, 2017 12:00 am ET
Fortress Paper Sells Security Paper Business for CHF21.5 Million
VANCOUVER, Dec. 20, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reports that its wholly owned subsidiary, Fortress Security Papers AG ("FSP"), has entered into and completed a share purchase agreement with the Swiss National Bank ("SNB") and Orell Füssli Holding AG ("OF"), pursuant to which the Company sold the two legal entities representing their security paper products business comprised of all of the shares of its wholly owned subsidiaries, Landqart AG and Landqart Management and Services AG (collectively, "Landqart"), to SNB and OF for an
Nov 09, 2017 07:00 pm ET
Fortress Paper Reports Third Quarter 2017 Results
VANCOUVER, Nov. 9, 2017 /CNW/ -
Nov 02, 2017 10:15 am ET
Fortress Paper Provides Operational Update on its Landqart Mill
VANCOUVER, Nov. 2, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) announces that its wholly-owned subsidiary, Landqart AG, has received notices from one of its significant international customers cancelling that portion of purchase orders which were scheduled for production and delivery by the Landqart Mill in the fourth quarter of 2017 and in fiscal 2018. The cancelled purchase orders represent approximately 16% of the budgeted order book at the Landqart Mill for fiscal 2017 and 30% for fiscal 2018. Despite other suppliers experiencing similar c
Oct 20, 2017 08:47 pm ET
Fortress Paper to Release Third Quarter 2017 Earnings
VANCOUVER, Oct. 20, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) announced today that it intends to release its third quarter financial results for the period ended September 30, 2017 after the close of the market on Thursday, November 9, 2017. In connection with the release of its results, Fortress Paper will host a conference call on Friday, November 10, 2017 at 6:00 a.m. (PST) to discuss the financial results and provide an update on the Corporation's operations.
Oct 10, 2017 09:30 am ET
Fortress Paper restarts production at its dissolving pulp mill
VANCOUVER, Oct. 10, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) is pleased to announce that the Fortress Specialty Cellulose Mill (the "FSC Mill") restarted on October 6, 2017, three days earlier than previously announced in its September 27, 2017 news release. The Company has completed the necessary repairs at the FSC Mill caused by the failure of a pressurized auxiliary gas collection system and has re-commenced production of dissolving pulp.
Sep 27, 2017 09:31 pm ET
Fortress Paper provides update on auxiliary system failure at its dissolving pulp mill
VANCOUVER, Sept. 27, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reports that it has completed an assessment of the failure of a pressurized auxiliary gas collection system at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Québec that was reported on September 21, 2017. The Company has identified the source of the failure and is in the process of repairing and replacing the damaged components.
Sep 22, 2017 12:47 am ET
Fortress Paper reports auxiliary system failure at its dissolving pulp mill
VANCOUVER, Sept. 21, 2017 /CNW/ - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) (OTCQX:FTPLF) reports that it has experienced a burst in a pressurized auxiliary gas collection system relating to one of the recovery boilers at the Fortress Specialty Cellulose Mill (the "FSC Mill") in Thurso, Québec. Health and safety protocols were immediately implemented and applicable government authorities were notified.
Aug 14, 2017 09:26 pm ET
Fortress Paper Reports Second Quarter 2017 Results and CEO Retirement
Second Quarter 2017 Consolidated Results
Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Company") reported 2017 second quarter operating EBITDA of $4.3 million, a decrease of $2.0 million relative to the comparative prior year...
Aug 14, 2017 09:26 pm ET
Fortress Paper Reports Second Quarter 2017 Results and CEO Retirement
Second Quarter 2017 Consolidated Results
Jul 20, 2017 05:53 pm ET
Fortress Paper to Release Second Quarter 2017 Earnings
Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Corporation") announced today that it intends to release its second quarter financial results for the period ended June 30, 2017 after the close of the market on Monday, August 14, 2017. In...
Jul 20, 2017 05:53 pm ET
Fortress Paper to Release Second Quarter 2017 Earnings
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Corporation") announced today that it intends to release its second quarter financial results for the period ended June 30, 2017 after the close of the market on Monday, August 14, 2017. In connection with the release of its results, Fortress Paper will host a conference call on Tuesday, August 15, 2017 at 6:00 a.m. (PDT) to discuss the financial results and provide an update on the Corporation's operations.
Jun 08, 2017 05:09 pm ET
Fortress Announces New Durasafe® Banknote Customer
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP)(OTCQX:FTPLF) is pleased to announce that the Central Bank of the Bahamas has chosen to use Durasafe®, the proprietary banknote substrate of Fortress Paper's wholly-owned...
Jun 08, 2017 05:09 pm ET
Fortress Announces New Durasafe® Banknote Customer
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP)(OTCQX: FTPLF) is pleased to announce that the Central Bank of the Bahamas has chosen to use Durasafe(R), the proprietary banknote substrate of Fortress Paper's wholly-owned subsidiary, Landqart AG ("Landqart"), for the two highest denomination banknotes of its "Crisp Evolution" series. The Company expects that Landqart will commence shipments in 2018.
May 25, 2017 07:21 pm ET
Fortress Paper Announces Voting Results for Its 2017 Annual General and Special Meeting
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP)(OTCQX:FTPLF) announces that the following six directors were elected at the annual general and special meeting of shareholders of the Company held on May 23, 2017 (the "Meeting"):...
May 25, 2017 07:21 pm ET
Fortress Paper Announces Voting Results for Its 2017 Annual General and Special Meeting
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP)(OTCQX: FTPLF) announces that the following six directors were elected at the annual general and special meeting of shareholders of the Company held on May 23, 2017 (the "Meeting"):
May 11, 2017 08:25 pm ET
Fortress Paper Announces First Quarter 2017 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP)(OTCQX: FTPLF) reported 2017 first quarter operating EBITDA of $7.5 million, an increase of $6.4 million relative to the comparative prior year period and an increase of $1.1 million over the previous quarter. The Dissolving Pulp Segment generated operating EBITDA of $8.3 million and the Security Paper Products Segment generated operating EBITDA of $1.5 million. Corporate costs included in operating EBITDA were $2.3 million.
May 11, 2017 08:25 pm ET
Fortress Paper Announces First Quarter 2017 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP)(OTCQX:FTPLF) reported 2017 first quarter operating EBITDA of $7.5 million, an increase of $6.4 million relative to the comparative prior year period and an increase of $1.1 million...
Apr 25, 2017 04:34 pm ET
Fortress Paper Announces Positive Outcome From WTO Panel Decision on Chinese Anti-Dumping Measures
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP)(OTCQX:FTPLF) is pleased to report that the World Trade Organization (the "WTO") issued its panel report today finding in favour of Canada in the dispute relating to China's...
Apr 25, 2017 04:34 pm ET
Fortress Paper Announces Positive Outcome From WTO Panel Decision on Chinese Anti-Dumping Measures
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP)(OTCQX: FTPLF) is pleased to report that the World Trade Organization (the "WTO") issued its panel report today finding in favour of Canada in the dispute relating to China's imposition of anti-dumping measures on Canada's dissolving pulp industry. The WTO panel concluded that China's Ministry of Commerce ("MOFCOM") failed to conduct its injury investigation in accordance with its WTO obligations. The timeframe provided to China to comply with today's decision will be negotiated by
Apr 24, 2017 08:00 am ET
OTC Markets Group Welcomes Fortress Paper to OTCQX
NEW YORK, April 24, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Fortress Paper Ltd. (TSX: FTP; OTCQX: FTPLF), an international producer of specialty pulp and security paper products, has qualified to trade on the OTCQX® Best Market. Fortress Paper upgraded to OTCQX from the Pink® market.
Apr 21, 2017 04:05 pm ET
Fortress Paper to Commence Trading on the OTCQX Market in the United States
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that, effective April 24, 2017, the Company's common shares will commence trading on the OTCQX(R) Best Market in the United States under the symbol "FTPLF". Fortress Paper's common shares continue to trade on the Toronto Stock Exchange under the symbol "FTP".
Apr 21, 2017 04:03 pm ET
Fortress Paper to Commence Trading on the OTCQX Market in the United States
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that, effective April 24, 2017, the Company's common shares will commence trading on the OTCQX® Best Market in the United States under the symbol "FTPLF"....
Apr 20, 2017 07:47 pm ET
Fortress Paper to Release First Quarter 2017 Earnings
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX: FTP) announced today that it intends to release its first quarter financial results for the period ended March 31, 2017 after the close of the market on Thursday, May 11, 2017. In connection with the release of its results, Fortress Paper will host a conference call on Friday, May 12, 2017 at 9:30 a.m. (PDT) to discuss the financial results and provide an update on the Corporation's operations.
Apr 20, 2017 07:47 pm ET
Fortress Paper to Release First Quarter 2017 Earnings
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP) announced today that it intends to release its first quarter financial results for the period ended March 31, 2017 after the close of the market on Thursday, May 11, 2017. In...
Mar 20, 2017 08:45 pm ET
Fortress Paper Announces Fourth Quarter 2016 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) reported 2016 fourth quarter operating EBITDA of $6.4 million, an increase of $3.1 million versus the prior year period and a decrease of $1.2 million over the previous...
Mar 20, 2017 08:45 pm ET
Fortress Paper Announces Fourth Quarter 2016 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reported 2016 fourth quarter operating EBITDA of $6.4 million, an increase of $3.1 million versus the prior year period and a decrease of $1.2 million over the previous quarter. The Dissolving Pulp Segment generated operating EBITDA of $6.7 million and the Security Paper Products Segment generated operating EBITDA of $1.6 million. Corporate costs included in operating EBITDA were $1.9 million.
Mar 16, 2017 06:33 pm ET
Fortress Announces New Durasafe(R) Banknote Customer
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that its wholly-owned subsidiary, Landqart AG ("Landqart"), has entered into an agreement with a new customer to utilize Landqart's proprietary banknote...
Mar 16, 2017 06:32 pm ET
Fortress Announces New Durasafe(R) Banknote Customer
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that its wholly-owned subsidiary, Landqart AG ("Landqart"), has entered into an agreement with a new customer to utilize Landqart's proprietary banknote substrate, Durasafe(R), for the production of banknotes. The Company expects that Landqart will commence shipping orders to the new customer in the later part of 2017.
Feb 21, 2017 07:39 pm ET
Fortress Paper to Release Fourth Quarter 2016 Earnings
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX: FTP) announced today that it intends to release its fourth quarter financial results for the period ended December 31, 2016 after the close of the market on Monday, March 20, 2017. In connection with the release of its results, Fortress Paper will host a conference call on Tuesday, March 21, 2017 at 9:00 a.m. (PDT) to discuss the financial results and provide an update on the Corporation's operations.
Feb 21, 2017 07:39 pm ET
Fortress Paper to Release Fourth Quarter 2016 Earnings
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP) announced today that it intends to release its fourth quarter financial results for the period ended December 31, 2016 after the close of the market on Monday, March 20, 2017. In...
Feb 03, 2017 01:22 pm ET
Fortress Paper Announces Early Repayment of $25,000,000 Debenture
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that it has repaid in full the unsecured convertible debenture (the "Debenture") in the aggregate principal amount of $25,000,000 issued by the Company in...
Feb 03, 2017 01:21 pm ET
Fortress Paper Announces Early Repayment of $25,000,000 Debenture
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that it has repaid in full the unsecured convertible debenture (the "Debenture") in the aggregate principal amount of $25,000,000 issued by the Company in favour of Fonds de solidarite FTQ ("FSTQ"). The Debenture had an interest rate of 7% per annum and was set to mature on June 20, 2017. Pursuant to a debenture amendment agreement entered into by Fortress Paper and FSTQ, the Company was granted the right to repay the principal amount owing under the Debenture
Jan 20, 2017 11:10 am ET
Fortress Paper Announces $40,000,000 Credit Agreement
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that its wholly owned subsidiary, Fortress Bioenergy Ltd. ("FBEL"), as borrower, has entered into a credit agreement with IAM Infrastructure Private Debt Fund...
Jan 20, 2017 11:10 am ET
Fortress Paper Announces $40,000,000 Credit Agreement
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that its wholly owned subsidiary, Fortress Bioenergy Ltd. ("FBEL"), as borrower, has entered into a credit agreement with IAM Infrastructure Private Debt Fund LP ("IAM"), as lender, in relation to a $40 million secured loan (the "IAM Loan") which matures 14 years from the date of advance, and is repayable in monthly payments of principal and interest over the term. The IAM Loan will accrue interest at a rate of 6% per annum plus an account maintenance
Jan 16, 2017 08:27 pm ET
Fortress Paper Adopts Shareholder Rights Plan
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces that its board of directors has adopted a shareholder rights plan (the "Rights Plan").
The Rights Plan has been adopted to ensure, to the extent possible,...
Jan 16, 2017 08:27 pm ET
Fortress Paper Adopts Shareholder Rights Plan
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that its board of directors has adopted a shareholder rights plan (the "Rights Plan").
Dec 20, 2016 05:18 pm ET
Fortress Paper Announces Agreement With its Executive Chairman
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that it has entered into an agreement with Mr. Chadwick Wasilenkoff for his continued role as Executive Chairman of the Company on a full-time basis. The agreement will commence on January 1, 2017 for a term of four years. The agreement supersedes and replaces Mr. Wasilenkoff's transition agreement and all other services arrangements with the Company and its subsidiaries, and provides the Company with a further deferral until the end of the term, or the termination of the agreement,
Dec 20, 2016 05:18 pm ET
Fortress Paper Announces Agreement With its Executive Chairman
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that it has entered into an agreement with Mr. Chadwick Wasilenkoff for his continued role as Executive Chairman of the Company on a full-time basis. The...
Dec 12, 2016 08:30 am ET
Fortress Paper Announces Amendment to Investissement Quebec Warrants
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that it has reached an agreement with Investissement Quebec ("IQ"), acting on behalf of the Government of Quebec, to amend certain terms of the warrants to purchase up to 1,000,000 common shares of the Company at an exercise price of $5.00 per common share issued to IQ on December 2, 2014 (the "Warrants").
Dec 12, 2016 08:28 am ET
Fortress Paper Announces Amendment to Investissement Quebec Warrants
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announced today that it has reached an agreement with Investissement Québec ("IQ"), acting on behalf of the Government of Québec, to amend certain terms of the warrants to...
Nov 29, 2016 08:55 am ET
Fortress Paper Announces Hemicellulose Separation Project at its Dissolving Pulp Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce a strategic supplement to the already announced birch usage project (the "Birch Project") at the Fortress Specialty Cellulose Mill aimed at extracting hemicellulose from underutilized species such as birch (the " Hemicellulose Project").
Nov 29, 2016 08:53 am ET
Fortress Paper Announces Hemicellulose Separation Project at its Dissolving Pulp Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce a strategic supplement to the already announced birch usage project (the "Birch Project") at the Fortress Specialty Cellulose Mill aimed at extracting...
Nov 14, 2016 08:25 pm ET
Fortress Paper Announces Third Quarter 2016 Results
Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Company") reported 2016 third quarter operating EBITDA of $7.6 million, an increase of $1.3 million and $2.1 million over the previous quarter and prior year comparative period,...
Nov 14, 2016 08:24 pm ET
Fortress Paper Announces Third Quarter 2016 Results
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Company") reported 2016 third quarter operating EBITDA of $7.6 million, an increase of $1.3 million and $2.1 million over the previous quarter and prior year comparative period, respectively. The Dissolving Pulp Segment generated operating EBITDA of $11.9 million and the Security Paper Products Segment incurred EBITDA loss of $1.8 million. Corporate costs included in operating EBITDA were $2.5 million.
Nov 14, 2016 04:44 pm ET
Fortress Paper Announces $19.7 Million Investment in Birch Project at Its Dissolving Pulp Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce a major investment to advance its strategic project of utilizing birch to manufacture dissolving pulp at the Fortress Specialty Cellulose Mill located in...
Nov 14, 2016 04:44 pm ET
Fortress Paper Announces $19.7 Million Investment in Birch Project at Its Dissolving Pulp Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce a major investment to advance its strategic project of utilizing birch to manufacture dissolving pulp at the Fortress Specialty Cellulose Mill located in Thurso, Quebec (the "Project"). Birch trees grow abundantly across Canada and are considered an underutilized species of tree. The Project will ensure a better use of the mixed forest in the local region, increase economic activity, and result in other ancillary economic benefits.
Oct 24, 2016 05:55 pm ET
Fortress Paper to Release Third Quarter 2016 Earnings
Fortress Paper Ltd. (TSX: FTP) ("Fortress Paper" or the "Corporation") announced today that it intends to release its third quarter financial results for the period ended September 30, 2016 after the close of the market on Monday, November 14, 2016. In connection with the release of its results, Fortress Paper will host a conference call on Tuesday, November 15, 2016 at 9:00 a.m. (PST) to discuss the financial results and provide an update on the Corporation's operations.
Oct 24, 2016 05:54 pm ET
Fortress Paper to Release Third Quarter 2016 Earnings
Fortress Paper Ltd. (TSX:FTP) ("Fortress Paper" or the "Corporation") announced today that it intends to release its third quarter financial results for the period ended September 30, 2016 after the close of the market on Monday, November 14,...
Sep 20, 2016 05:06 pm ET
Fortress Paper Announces Automatic Share Purchase Plan Pursuant to Its Normal Course Issuer Bid
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces today that in connection with its previously reported normal course issuer bid (the "Bid"), which commenced on September 6, 2016, Fortress Paper has entered into an automatic securities purchase plan (the "Plan") with its designated broker in order to facilitate purchases of its common shares under the Bid.
Sep 20, 2016 05:06 pm ET
Fortress Paper Announces Automatic Share Purchase Plan Pursuant to Its Normal Course Issuer Bid
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces today that in connection with its previously reported normal course issuer bid (the "Bid"), which commenced on September 6, 2016, Fortress Paper has entered into an...
Sep 01, 2016 04:30 pm ET
Fortress Paper Announces Appointment of Giovanni Iadeluca as President of Its Dissolving Pulp Segment
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce the appointment of Giovanni Iadeluca as President of the Company's Dissolving Pulp Segment, effective October 3, 2016.
Sep 01, 2016 04:28 pm ET
Fortress Paper Announces Appointment of Giovanni Iadeluca as President of Its Dissolving Pulp Segment
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce the appointment of Giovanni Iadeluca as President of the Company's Dissolving Pulp Segment, effective October 3, 2016.
Mr. Iadeluca is a Chartered...
Aug 31, 2016 06:27 pm ET
Fortress Paper Announces Normal Course Issuer Bid
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces that the Toronto Stock Exchange (the "Exchange") has accepted...
Aug 19, 2016 04:00 am ET
Fortress Paper Announces Completion of Purchases Under Normal Course Issuer Bid
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announced today that, pursuant to its normal course issuer bid announced January 4, 2016 (the "NCIB"), it has purchased for cancellation an aggregate $4,025,000 principal amount of its 6.5% convertible unsecured subordinated debentures due on December 31, 2016 (Trading Symbol: FTP.DB) (the "6.5% Debentures"), which represents the maximum amount permitted to be purchased pursuant to the NCIB, at an average cost of 97.1 per 6.5% Debenture. The Company has also purchased for cancellation
Aug 19, 2016 03:58 am ET
Fortress Paper Announces Completion of Purchases Under Normal Course Issuer Bid
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announced today that, pursuant to its normal course issuer bid announced January 4, 2016 (the "NCIB"), it has purchased for cancellation an aggregate $4,025,000 principal amount of...
Aug 08, 2016 07:18 pm ET
Fortress Paper Announces Second Quarter 2016 Results and Appointment of Director
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reported 2016 second quarter operating EBITDA of $6.3 million, an increase of $5.2 million and $2.2 million over the previous quarter and prior year comparative period, respectively. The Dissolving Pulp Segment generated operating EBITDA of $3.2 million and the Security Paper Products Segment generated EBITDA of $4.7 million. Corporate costs included in operating EBITDA were $1.6 million. The Company is also pleased to announce the addition of Ezra Gardner to the Board of Directors (the "Board").
Aug 08, 2016 07:18 pm ET
Fortress Paper Announces Second Quarter 2016 Results and Appointment of Director
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) reported 2016 second quarter operating EBITDA of $6.3 million, an increase of $5.2 million and $2.2 million over the previous quarter and prior year comparative period,...
Jul 27, 2016 04:29 pm ET
Fortress Paper Announces Completion of the Sale of the Lebel-sur-Quévillon Pulp Mill and Sawmill Assets
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global") and Fortress Lumber Corp. (together with Fortress Global, the "Vendor"),...
Jul 27, 2016 04:29 pm ET
Fortress Paper Announces Completion of the Sale of the Lebel-sur-Quévillon Pulp Mill and Sawmill Assets
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global") and Fortress Lumber Corp. (together with Fortress Global, the "Vendor"), have successfully closed the asset purchase agreement (the "APA") entered into with LSQ Energy, L.P. and LSQ Development, L.P. (collectively, the "Purchaser"), previously announced on June 23, 2016. The APA provides for the sale of all of the assets relating to the non-operating pulp
Jul 12, 2016 07:00 am ET
Fortress Paper Announces Completion of Sale and Leaseback Transaction at Landqart Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that its wholly owned subsidiary, Landqart AG ("Landqart"), has successfully completed the sale of its lands and buildings related to its security paper business located in Landquart, Switzerland (the "Transaction"), previously announced on June 6, 2016, to GAM Investment Management (Switzerland) AG on behalf of Procimmo Swiss Commercial Fund II. The aggregate purchase price for the Transaction was CHF 44,500,000, or approximately CDN$59 million.
Jul 12, 2016 06:58 am ET
Fortress Paper Announces Completion of Sale and Leaseback Transaction at Landqart Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that its wholly owned subsidiary, Landqart AG ("Landqart"), has successfully completed the sale of its lands and buildings related to its security paper...
Jul 11, 2016 07:27 pm ET
Fortress Paper to Release Second Quarter 2016 Earnings
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Fortress Paper Ltd. ("Fortress Paper" or the "Corporation") (TSX:FTP) announced today that it intends to release its second quarter financial...
Jul 08, 2016 08:17 pm ET
Fortress Paper Extends Closing Date for the Sale of the Fortress Global Cellulose Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that its wholly owned-subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., have entered into an amendment to the previously announced asset purchase agreement with LSQ Energy, L.P. and LSQ Development, L.P. dated June 22, 2016 (the "APA") relating to the sale of the Fortress Global Cellulose Mill assets, to extend the closing date of the APA to on or before July 29, 2016.
Jul 08, 2016 08:17 pm ET
Fortress Paper Extends Closing Date for the Sale of the Fortress Global Cellulose Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces that its wholly owned-subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., have entered into an amendment to the previously announced asset purchase...
Jun 23, 2016 06:00 am ET
Fortress Paper Agrees to Sell Lebel-sur-Quevillon Pulp Mill and Sawmill Assets for $15.36 Million
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that it has, through its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global") and Fortress Lumber Corp. (together with Fortress Global, the "Vendor"), entered into an asset purchase agreement (the "APA") with LSQ Energy, L.P. ("Energy LP") and LSQ Development, L.P. (together with Energy LP, the "Purchaser"), each a wholly-owned subsidiary of Nexolia Bioenergy Inc., providing for the sale of the buildings,
Jun 23, 2016 05:58 am ET
Fortress Paper Agrees to Sell Lebel-sur-Quevillon Pulp Mill and Sawmill Assets for $15.36 Million
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that it has, through its wholly owned subsidiaries, Fortress Global Cellulose Ltd. ("Fortress Global") and Fortress Lumber Corp. (together with Fortress Global,...
Jun 06, 2016 04:00 am ET
Fortress Paper Announces Sale and Leaseback Transaction at Landqart Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that its wholly-owned subsidiary Landqart AG ("Landqart") has entered into a purchase agreement (the "Purchase Agreement") with GAM Investment Management (Switzerland) AG on behalf of Procimmo Swiss Commercial Fund II (the "Purchaser") for the sale of its lands and buildings related to its security paper business located in Landquart, Switzerland, for the aggregate purchase price of CHF 44,500,000 (approximately CDN$59 million), subject to customary
Jun 06, 2016 03:58 am ET
Fortress Paper Announces Sale and Leaseback Transaction at Landqart Mill
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that its wholly-owned subsidiary Landqart AG ("Landqart") has entered into a purchase agreement (the "Purchase Agreement") with GAM Investment Management...
May 16, 2016 07:55 pm ET
Fortress Paper Announces First Quarter 2016 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) reported 2016 first quarter operating EBITDA of $1.1 million. The Dissolving Pulp Segment generated operating EBITDA of $1.3 million and the Security Paper Products Segment...
May 16, 2016 07:55 pm ET
Fortress Paper Announces First Quarter 2016 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reported 2016 first quarter operating EBITDA of $1.1 million. The Dissolving Pulp Segment generated operating EBITDA of $1.3 million and the Security Paper Products Segment generated EBITDA of $1.8 million. Corporate costs included in operating EBITDA were $2.0 million.
Apr 25, 2016 08:07 pm ET
Fortress Paper Announces Voting Results for Its 2016 Annual General and Special Meeting
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Company held on April 21, 2016 (the "Meeting"):...
Apr 25, 2016 08:07 pm ET
Fortress Paper Announces Voting Results for Its 2016 Annual General and Special Meeting
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces that the following five directors were elected at the annual general and special meeting of shareholders of the Company held on April 21, 2016 (the "Meeting"):
Mar 31, 2016 08:02 pm ET
Fortress Paper Announces Automatic Share Purchase Plan Pursuant to Its Normal Course Issuer Bid
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) announces today that in connection with its previously reported normal course issuer bid (the "Bid"), which commenced on January 6, 2016, Fortress Paper has entered into an automatic securities purchase plan (the "Plan") with its designated broker in order to facilitate purchases of its 6.5% convertible unsecured subordinated debentures due on December 31, 2016 (Trading Symbol: FTP.DB) (the "6.5% Debentures") and its 7.0% convertible unsecured subordinated debentures due on
Mar 18, 2016 04:30 pm ET
Kazakhstan 20,000 Tenge Note Produced With Fortress Paper's Durasafe(R) Banknote Substrate Wins Regional Banknote of the Year Award
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) is pleased to announce that the National Bank of Kazakhstan 20,000 Tenge banknote produced with Fortress Paper's Durasafe(R) banknote substrate was the recipient of the Regional Banknote of the Year award at the High Security Printing Europe conference in Bucharest, Hungary on March 15, 2016.
Mar 09, 2016 08:33 pm ET
Fortress Paper Announces Fourth Quarter 2015 Results
Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX: FTP) reported 2015 fourth quarter operating EBITDA of $3.3 million. The Dissolving Pulp Segment generated operating EBITDA of $1.5 million and the Security Paper Products Segment generated EBITDA of $3.9 million. Corporate costs included in operating EBITDA were $2.1 million.
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