Acadian Timber Corp. Announces Election of Directors
May 07 2020 - 4:05PM
Acadian Timber Corp. (TSX:ADN) (“Acadian Timber” or the “Company”)
announced that the nominees listed in the management proxy circular
for the 2020 Annual and Special Meeting of Shareholders were
elected as directors of the Company. Detailed results of the votes
by proxy for the election of directors held at the Annual and
Special Meeting of Shareholders today in Edmundston are set out
below.
Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
Reid Carter |
11,021,988 |
99.48% |
57,498 |
0.52% |
Malcolm Cockwell |
10,852,238 |
97.95% |
227,248 |
2.05% |
Heather Fitzpatrick |
11,009,913 |
99.37% |
69,573 |
0.63% |
Karen Oldfield |
11,008,358 |
99.36% |
71,128 |
0.64% |
Bruce Robertson |
11,016,571 |
99.43% |
62,915 |
0.57% |
About Acadian Timber
Acadian Timber Corp. (TSX: ADN)
is a leading supplier of primary forest products in Eastern Canada
and the Northeastern U.S. With a total of approximately 2.4 million
acres of land under management, Acadian is one of the largest
timberland operators in New Brunswick and Maine.
Acadian owns and manages approximately 1.1
million acres of freehold timberlands in New Brunswick and Maine
and provides timber services relating to approximately 1.3 million
acres of Crown licensed timberlands in New Brunswick. Acadian’s
products include softwood and hardwood sawlogs, pulpwood and
biomass by-products, sold to approximately 85 regional
customers.
Acadian’s business strategy is to maximize cash
flows from its existing timberland assets while growing its
business by acquiring assets on a value basis and utilizing its
operations-oriented approach to drive improved performance.
Acadian’s shares are listed for trading on the Toronto Stock
Exchange under the symbol ADN.
For further information, please visit our website at
www.acadiantimber.com or contact:Adam SheparskiChief Financial
OfficerTel: 506-737-2345 ext.
2356Email: asheparski@acadiantimber.com
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