DOCSLIB.ORG

TFL 6 Management Plan 9

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
TFL 6 Management Plan 9 WesternWestern piritVolume 2 Issue 1 Summer 2000 Produced by Western Forest Products Limited S WFP Sponsors More Students to NVIT and Enters into New Co-Sponsorship Scheme months of summer work placement. Courses such as natural resource management, silviculture, technical communications, resource measure- ments and soils and hyrdrology are thus combined with opportunities to directly apply knowledge in the workplace. The Program is maintaining a 90% retention rate, which Craig Noordmans, Program Coordinator, continued as NVIT, page 3 Western pirit Western ForestS Products Limited Western Spirit is an official newslet- NVIT First Nations Forest Technology Training Program 1999 students, Merritt, BC ter of Western Forest Products Ltd. photo: Craig Noordmans Content may be reproduced; however, we request that WFP estern Forest Prod- and the Council of Forest Industries and the author be credited. (COFI), who are continuing to work ucts is very pleased to Western Forest Products Limited W announce their sponsor- together to increase forestry knowl- #2300—1111 West Georgia Street ship of three new students edge and expertise among First Vancouver, BC V6E 4M3 to the 10-month Technical Nations communities. The program Tel: (604) 665–6200 Resource education program at the involves BC forest companies and Fax: (604) 665–6268 Nicola Valley Institute of Technology their neighbouring aboriginal commu- Website: www.westernforest.com (NVIT) in Merritt, which will begin in nities jointly sponsoring a First Editor: Dan Jepsen September 2000. Nations student for one year of Editorial Board: Larry Andrews, Bobby Forest Technician training at NVIT. Germyn, Ross Neasloss, George Watts The Forest Technician Training Pro- Six months of classroom training Editorial & Design: Dianna Bodnar Desktop Publishing: CPH Desktop gram began in 1997 as a cooperative is supplemented by a one-on-one effort among the BC Ministry of mentoring system with their spon- Printed on recycled stock. Forests, NVIT, Forest Renewal BC sor company and an additional six Please recycle this product. Building Espranza’s Youth Canoe— the Story in Pictures Charlie making paddles the “traditional” way Photo: Larry Andrews Charlie Mickey, carver, surveys the first stage of work. Made from a log from Bligh Island, the finished product is destined to be a youth canoe, for quest rows and other special functions. Photo: Larry Andrews Canoe under tarp to be steamed wider (expanded 9 inches) Photo: Larry Andrews Charlie and councillor Tom Smith look at the finished product. Photo: Larry Andrews 2 sponsor a student with another company would alleviate some of the pressure, so they approached Stan Price at Weyerhaeuser to discuss co-sponsoring the Heiltsuk student with WFP. Stan and senior managers within Weyerhaeuser supported the idea of co-sponsorship, so Paul Neuman Jr. will have two company sponsors. Says Jepsen, “We feel that this spirit of cooperation will Youth in full sail up Espranza Inlet Photo: Larry Andrews be positive for Paul, the Heiltsuk, and our two companies. It will also really broaden his work experience options.” Alan Hanuse from the Oweekeno First Nation was WFP’s 1999 sponsored student, and is entering the second year of the program in September. He and his fellow first-year students are recovering from their course work and exams. “We had students from as far away as Haida Gwaii/Queen Charlotte Islands. While being away from home proved a challenge for some students, they have all risen to the challenge nicely, and we are Youth crew paddling in Espranza Inlet Photo: Larry Andrews really proud of them,” stated Noordmans. Rhonda Ned, a stu- NVIT, continued from page 1 Kitasoo First Nation (who is cur- dent from the Upper Nicola Band rently the Kitasoo Forestry Coordi- in Merritt, said that the program attributes to the one-on-one rela- nator), Paul Neuman Jr. from the “gave me the opportunity to get tionships provided by sponsoring Heiltsuk First Nation, and Georgina the education and experience to forest companies and districts. Thomas from the Campbell River band. succeed in the career I really want.” “The success of this program is in large part due to the personal Dan Jepsen, WFP’s Manager of This summer term, a mentor from attention that each student re- Aboriginal Affairs, is enthusiastic each sponsoring forest company ceives from their mentor, “ said about the new candidates, “We are is working one-on-one with each Noordmans. “Mentors ensure that really pleased with the excellent student to help them apply the the students fit in the structure of candidates who have applied for knowledge learned in the classroom. the company for a meaningful train- this important career opportunity On-the-job training began in May ing experience.” and wish them every success.” and will run through August 2000. Each forest company that agrees to Seats in the program are in such On completion of their 12 months of participate initiates the process of high demand that all 20 positions for classroom studies and work experi- recruiting students. After contact- the September 2000 course quickly ence, the students will be awarded a ing the over 30 First Nations Bands filled, and there are 17 companies certificate in forest technology and whose traditional territories they on the waiting list to sponsor First half of the credits required for a operate within, WFP has confirmed 3 Nations students. WFP felt that Forestry Technician diploma. candidates: Ross Neasloss from the exploring the opportunities to co- 3 Planning for your Community Using Geographic Information Systems (GIS) by Louanne Wong, Olympic Resource Management A GIS can also help us find out What can a GIS do? he impending settlement about what the environment may Just as a filing cabinet stores files, of the land question for be like given certain conditions, a GIS stores “layers” of information T many First Nations in an analysis technique known as that can be combined and cross- British Columbia has focused “modeling.” Using these methods, referenced to find answers to the need to organize, control, a GIS can provide the “big picture” “what?”, “where?” and “what if?” and retain information at the to support decision-making for the questions. But unlike a filing cabinet, community level. intelligent use of natural resources the GIS can do thousands of these and to manage the human-made comparisons and cross-references Modern technologies such as Geo- environment. in a minute. graphic Information Systems (GIS) are excellent integrating tools that What does a GIS look like? A GIS can view the world in different can be used to support conservation Most often, a GIS presents informa- time frames: we can look at our of First Nations heritage, manage tion in the form of maps and sym- past, present and future through the community’s resources, and bols. A map is useful to help readers windows which we can define and plan the community’s future. visualize: change. Communities can archive • where things are located their traditions and collective histo- Stephanie Henry of Oweekeno • what kinds of things are ries by adopting and adapting this Nation’s GIS department is one near certain places technology as a tool. A GIS can view of those working to help manage • how these objects can be the landscape over time and simu- her community’s lands. Acting as best reached by means of late outcomes for environmental a liaison between her community, transportation. and land use concerns, reflecting the government, industry, and the specific criteria a community various consultants, Henry is work- The way a GIS presents, displays, develops. By combining information ing towards finding viable solutions and analyzes data is flexible. It can about culture, resources and other best suited to the Oweekeno’s reflect a user’s unique interests and concerns over time, a GIS will help unique needs in forest management. can be adapted to transfer informa- to forecast potential outcomes, Henry is excited about the possibili- tion to readers. support sustainable planning at the ties that GIS brings to her commu- community and management level, nity: “It helps us communicate our and identify potential conflicts. relationship with the land, as well as continued as GIS on page 12 help us plan for our future,” she says. What is a GIS? A GIS is an information manage- ment system that can collect, store, and retrieve information about the earth based on physical location. It can also assist in analyzing and planning our natural and social environment. Using the GIS as a warehouse of information, relation- ships between objects or events in time can be explored, making sense of the environment that surrounds us. Oweekeno Nation’s Katit IR#1, drawn by E.M. Skinner in 1889–1890 4 Living Heritage—Elder Violet Neasloss, Master Weaver over again!” She had the opportunity by Dan Jepsen, WFP Manager Aboriginal Affairs and Environment to continue schooling at the Port Alberni residential school, but recalls traditional foods required for sur- it was just too far away from home ’m the proud owner vival in such an isolated community. and it would take her away from her of over 20 hand-made red Life was truly tied to the seasons, home and family for too long. Other I cedar baskets made by one with villagers depending on the land, than those periods, Violet has spent of the last traditional Kitasoo the water and each other. But the her whole life in Klemtu; the longest basket weavers: Violet Neasloss, hard work required to live off the land she was away was one month for an a Kitasoo Elder from eye operation. She started Klemtu, BC. Klemtu is work in the Kitasoo Fish about 125 kilometres due Cannery in 1933 and worked west from Bella Coola, on there until it closed in the the outer coast of BC.
Load more

Recommended publications
  • 2018 Annual Information Form
    Western Forest Products Inc. Annual Information Form February 12, 2019 TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS AND INFORMATION ...................................................................... 3 BUSINESS OF THE COMPANY ....................................................................................................................... 4 FOREST RESOURCES ...................................................................................................................................... 9 MANUFACTURING FACILITIES ..................................................................................................................... 14 SALES, MARKETING AND DISTRIBUTION ................................................................................................. 18 HUMAN RESOURCES ..................................................................................................................................... 20 ENVIRONMENT, HEALTH & SAFETY .......................................................................................................... 21 RESEARCH AND DEVELOPMENT ............................................................................................................... 23 STAKEHOLDER ENGAGEMENT ................................................................................................................... 24 OTHER EXTERNAL FACTORS ...................................................................................................................... 26 RISK FACTORS ................................................................................................................................................
    [Show full text]
  • Western Forest Products Inc. 2020 Annual Report
    Western Forest Products Inc. 2020 Annual Report Management’s Discussion & Analysis The following Management’s Discussion and Analysis (“MD&A”) reports and comments on the financial condition and results of operations of Western Forest Products Inc. (the “Company”, “Western”, “us”, “we”, or “our”), on a consolidated basis, for the three months and year ended December 31, 2020, to help securityholders and other readers understand our Company and the key factors underlying our financial results. This discussion and analysis should be read in conjunction with our audited annual consolidated financial statements and the notes thereto for the years ended December 31, 2020 and 2019, which can be found on SEDAR at www.sedar.com . The Company has prepared the consolidated financial statements for the years ended December 31, 2020 and 2019 in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board. Amounts discussed herein are based on our audited annual consolidated financial statements and are presented in millions of Canadian dollars, unless otherwise noted. Certain prior period comparative figures have been reclassified to conform to the current period’s presentation. The Company has adopted IFRS 16, Leases , with a date of initial application of January 1, 2019, using a modified retrospective approach. Under the modified retrospective approach, the cumulative effect of initial application has been recognized in retained earnings at January 1, 2019, and comparative information has not been restated and continues to be reported under International Accounting Standards (“IAS”) 17, Leases. Reference is made in this MD&A to adjusted EBITDA 1. Adjusted EBITDA is defined as operating income prior to operating restructuring items and other income (expense), plus amortization of property, plant, and equipment and intangible assets, impairment adjustments, and changes in fair value of biological assets.
    [Show full text]
  • Major Primary Timber Processing Facilities in British Columbia 2018
    Major Primary Timber Processing Facilities in British Columbia 2018 1 Major Primary Timber Processing Facilities In British Columbia 2018 Forest Policy and Indigenous Relations Division Ministry of Forests, Lands, Natural Resource Operations and Rural Development Victoria, BC April 2020 2 Foreword This edition of the Major Primary Timber Processing Facilities in British Columbia summarizes the activity of timber processing mills that operated during 2018. It covers sawmills, veneer and panel plants, pulp and paper mills, chip mills, pellet mills, shake and shingle, and pole and post mills. Some do not have primary log processing capabilities and process residual fibre from other mills. For mills that produced more than one product (e.g., lumber and veneer), each operation is listed in the respective section of the report. This report does not include re- manufacturing plants. Most of the information contained in this report was gathered through 2018 and earlier surveys of individual processing mills. If survey responses were not provided, the Ministry of Forests, Lands, Natural Resource Operations and Rural Development (the Ministry) staff might use trade publications and corporate annual reports to make estimations. In some cases, the Ministry staff provided estimates based on their knowledge of the operation and information reported in previous years along with production information for selected forest products from Statistics Canada. This report is available free of charge online at: https://www2.gov.bc.ca/gov/content/industry/forestry/competitive-forest- industry/forest-industry-economics/fibre-mill-information/major-timber- processing-facilities-survey Please note that all remaining errors are the responsibility of the Economic Services Branch.
    [Show full text]
  • Western Forest Products Inc
    WESTERN FOREST PRODUCTS INC. Annual Information Form – February 20, 2014 TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS AND INFORMATION ...................................................................... 3 THE COMPANY ................................................................................................................................................... 4 SUBSIDIARIES .................................................................................................................................................... 4 DEVELOPMENT OF THE BUSINESS ............................................................................................................. 5 Company Profile and Strategy .................................................................................................................... 5 Summary History .......................................................................................................................................... 5 Significant Developments Since January 2011 ........................................................................................ 6 Changes Expected for 2014 ....................................................................................................................... 8 BUSINESS OF THE COMPANY ....................................................................................................................... 9 Overview .......................................................................................................................................................
    [Show full text]
  • Western Forest Strategy Adaptive Management Summary
    Forest Investment Account, Land Based Investment Program Resource Information Component – Monitoring Activity Area Progress Report – 2009/10 Western Forest Strategy Adaptive Management Summary W.J. Beese, MF, RPF Forest Ecologist J.A. Deal, RPBio, RPF Strategic Planning Biologist March 2010 Corporate Forestry 118 – 1334 Island Highway Campbell River, BC V9W 8C9 Acknowledgements Our sincere thanks go to all of the managers, foresters, engineers, loggers and support personnel that take the ideas in the Western Forest Strategy and put them into practice. We thank the senior management of Western Forest Products for having the vision to carry on with this strategy through difficult economic conditions. The authors are especially grateful to Glen Dunsworth, Fred Bunnell, Dave Huggard and Laurie Kremsater for laying the foundation for the Adaptive Management Program, and to Jeff Sandford for his important role in field coordination and database development. We also thank Nick Smith, Ken Zielke and Bryce Bancroft for their close collaboration on this effort, the many project leaders whose work is presented, and participants in various Working Groups over the years. We also thank Sue McDonald, Pat Bryant, Michael Fowler, Annette van Niejenhuis and Kathy Wood for their significant contribution “behind the scenes” to keeping many projects running smoothly. Executive Summary Western Forest Products is implementing a forest management strategy to sustain biological diversity within the company’s tenures. The Western Forest Strategy (WFS) has three broad goals: 1. Represent the full range of ecosystems within the non-harvestable landbase to maintain lesser known species and ecological functions. 2. Maintain structural attributes of older forests distributed across the landscape and in harvested areas to support biological richness.
    [Show full text]
  • Canfor Corporation
    Canfor Corporation Annual Information Form Information in this Annual Information Form is as of February 19, 2009 unless otherwise indicated. TABLE OF CONTENTS Incorporation Page 2 Corporate Structure 3 Business of Canfor 4 Wood Supply 10 Lumber 17 Panels 19 Pulp and Paper 20 Howe Sound Pulp and Paper Limited Partnership 23 Environment 24 Competitive Position 25 Research and Development 25 Directors and Officers 26 Interest of Management and Others in Material Transactions 30 Conflicts of Interest 30 Description of Capital Structure 30 Ratings 31 Dividends 31 Shareholdings of Directors and Executive Officers 32 Markets for Securities 32 Trading Price and Volume 32 Security 33 Material Contracts 33 Cease Trade Orders, Bankruptcies, Penalties, Sanctions 34 Experts 34 Transfer Agent and Registrar 34 Audit Committee Information 35 Additional Information 35 Appendix A – Audit Committee Terms of Reference 37 INCORPORATION The Company was incorporated on May 17, 1966, under the British Columbia Company Act as part of a reorganization of predecessors of the Canfor group of companies, the first of which commenced operations in 1938. The Company is now governed by the British Columbia Business Corporations Act, which replaced the Company Act in March 2004. In July 1983, Canfor became a public company and the Common Shares of the Company are listed and traded on the Toronto Stock Exchange (“TSX”). The registered and head office of the Company is located at 100-1700 West 75th Avenue, Vancouver, British Columbia. In this Annual Information Form, Canfor Corporation is referred to as the “Company” and, unless otherwise indicated by the context, “Canfor” refers to the Company, its subsidiaries and its interests in the limited partnerships as described under “Corporate Structure” below.
    [Show full text]
  • Western Forest Products Inc. 2015 Annual Report
    Western Forest Products Inc. 2015 Annual Report Financial Highlights Year ended December 31, (millions of Canadian dollars except ratios, per share and share amounts) 2015 2014 Revenue 1,081.9 1,036.9 Net income 73.7 68.4 Cash flow from operating activities 99.1 87.4 Basic net income per share $ 0.19 $ 0.17 Diluted net income per share $ 0.18 $ 0.17 Adjusted EBITDA (1) 117.1 108.5 Adjusted EBITDA margin 10.8% 10.5% Weighted average shares outstanding - Basic ('000's) 395,066 392,267 Weighted average shares outstanding - Diluted ('000's) 398,740 396,892 Working capital 141.8 121.3 Total assets 743.4 694.2 Net debt (2) 53.8 77.9 Net debt to capitalization (3) 0.11 0.16 Total liquidity (4) 177.9 134.4 (1) See page 5 for definition of adjusted EBITDA. A quantitative reconciliation between net income and adjusted EBITDA can be found in Appendix A to the Management's Discussion and Analysis. (2) Net debt is defined as the sum of long-term debt, current portion of long-term debt, revolving credit facility, less cash and cash equivalents. (3) Capitalization comprises net debt and shareholders' equity. (4) Total liquidity comprises cash and cash equivalents and available credit under the Company’s revolving credit facility and revolving term loan. 1 Letter to Shareholders To Our Shareholders, Our focus on producing specialty products delivered growth in revenue and annual adjusted EBTIDA, and limited the impact of a significant decline in commodity lumber markets. In 2015, Western leveraged our flexible operating platform to capitalize on sustained demand for our specialty products and grew annual adjusted EBITDA by 8% compared to last year.
    [Show full text]
  • WESTERN FOREST PRODUCTS INC. Suite 510 - 700 West Georgia Street TD Tower, PO Box 10032 Vancouver, British Columbia - Canada V7Y 1A1 Telephone: 604 665 6200
    WESTERN FOREST PRODUCTS INC. Suite 510 - 700 West Georgia Street TD Tower, PO Box 10032 Vancouver, British Columbia - Canada V7Y 1A1 Telephone: 604 665 6200 FOR IMMEDIATE RELEASE TSX: WEF NOT FOR RELEASE OVER U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Western Forest Products Announces Closing of the Secondary Offering by Brookfield Special Situations October 9, 2013 – 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 46,000,000 units (the “Offered Units”) at an offering price of $1.45 per Offered Unit (the “Offering”) for aggregate gross proceeds to Brookfield of C$66,700,000. Each Offered Unit consisted of one non-voting share (an “Offered Share”) of the Company owned by Brookfield and one voting common share purchase warrant (a “Warrant”) of the Company, with each Warrant entitling the holder thereof to purchase one voting common share (a “Common Share”) of the Company owned by Brookfield at a price of $1.60 until July 31, 2014. The Offering was conducted by Scotiabank, CIBC World Markets Inc., Goldman Sachs Canada Inc., RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc. and Raymond James Ltd. (collectively, the “Underwriters”). Closing of the Offering included the full exercise of the over-allotment option granted to the Underwriters. On closing of the Offering, all Offered Shares were converted, on a one-for-one basis, into Common Shares of Western, representing approximately 15% of the issued and outstanding Common Shares on a non-diluted basis after giving effect to the Offering.
    [Show full text]
  • Conflict Resolution and British Columbia's Great Bear Rainforest
    CONFLICT RESOLUTION AND BRITISH COLUMBIA’S GREAT BEAR RAINFOREST Lessons Learned 1995-2009 How multi-interest governance led to resolution of a global conflict over logging in Canada’s coastal temperate rainforest Patrick Armstrong, Author Great Bear Rainforest Lessons Learned commissioned by: Ferry Pausch Florian Nehm Oliver Salge Olaf Dechow Verband Deutscher Zeitschriftenverleger EU-Affairs + Corporate Head Forests and Oceans Campaign Environmental and Social Policy Association of German Magazine Publishers Sustainability Officer Greenpeace e.V. Otto (GmbH & Co KG) Director of Sustainability Axel Springer AG + 49 40 306 18 336 +49 40 64617061 +49 30 726298104 +49 30 259179370 [email protected] [email protected] [email protected] [email protected] Dr. Maria Hoffacker Robert Rabe Christine Uhde-Leischner Klaus-Peter Petschat Public Affairs + Corporate Responsibility Manager Purchasing / Production Quality Officer Manager Bauer Produktions KG Gruner+Jahr AG & Co KG JAHRESZEITEN VERLAG GmbH Prinovis Itzehoe GmbH Bauer Media Group +49 40 37033878 [email protected] +49 482 777485 [email protected] [email protected] [email protected] Hans Jürgen Böhm EHS Manager Bauer Prodkutions KG Bauer Media Group Bernhard Gallus Ute Miszewski Gregor Andreas Geiger [email protected] Environmental Division Corporate Communication Head Press and Public Relations Hubert Burda Media SPIEGEL-Verlag Verband Deutscher Papierfabriken e.V. +49 781 842019 +49 40 30072178 German
    [Show full text]
  • Defining a Higher Standard. for Today
    CLB ARCHITECTS | PHOTOGRAPHY: MATTHEW MILLMAN MATTHEW | PHOTOGRAPHY: CLB ARCHITECTS DEFINING A HIGHER STANDARD. FOR TODAY. FOR TOMORROW. 2019 SUSTAINABILITY REPORT CONTENTS 2019 SUSTAINABILITY REPORT SUSTAINABILITY 2019 Message from the President and CEO 3 – 4 Western—What Defines Us 5 – 6 2019 Overview 7 – 8 Strategic shifts Advancing reconciliation with First Nations Board leadership transition Labour relations Changing regulatory environment Aiming Higher 9 Sustainability and Accountability 10 – 13 Driving sustainability through our business Enhancing sustainable performance accountability Good governance supports sustainability Embedding sustainability Indigenous engagement Stakeholder engagement Engagement on this report Material sustainability topics Performance on Material Sustainability Topics 14 – 35 Health and Safety 15 – 17 Our Workforce 18 – 19 Sustainable Forest Management 20 – 27 Climate Change 28 – 31 Indigenous Relationships 32 – 33 Communities 34 – 35 PUBLISHED JUNE 2020 WESTERN FOREST PRODUCTS 2019 SUSTAINABILITY REPORT MESSAGE FROM THE PRESIDENT AND CEO At Western, we take a long-term view to managing our business and are committed to providing the most sustainable building products on the planet. Wood products have long been admired for their natural beauty and versatility. More recently, there has been a growing appreciation for wood as a renewable resource that helps fight climate change while providing superior building performance. We are pleased to see a steady increase in the use of wood as the product of choice in sustainable building. Sustainability is critical to our success and it is why we are dedicated to providing stakeholders with a comprehensive annual report that highlights our sustainability performance. The team at Western is committed to defining a higher standard in all that we do.
    [Show full text]
  • Western Forest Products Announces Secondary Offering by Brookfield Special Situations
    WESTERN FOREST PRODUCTS INC. Suite 510 - 700 West Georgia Street TD Tower, PO Box 10032 Vancouver, British Columbia - Canada V7Y 1A1 Telephone: 604 665 6200 FOR IMMEDIATE RELEASE TSX: WEF NOT FOR RELEASE OVER U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Western Forest Products Announces Secondary Offering by Brookfield Special Situations August 20 , 2014 – Vancouver, British Columbia. Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) and Brookfield Special Situations Management Limited (“Brookfield”) today announced a bought deal secondary offering led by CIBC World Markets Inc. and Scotiabank (the “Underwriters”), through which the wholly-owned subsidiary of Brookfield Asset Management (TSX:BAM.A, NYSE:BAM) has agreed to sell 40,000,000 Common Shares (the “Offered Shares”) at an offering price of $2.50 per Offered Share (the “Offering”). The Underwriters have been granted an over-allotment option, exercisable for a period of 30 days from the closing of the Offering, to purchase 6,000,000 additional Common Shares (the “Over-Allotment Shares”) at a price of $ 2.50 per Offered Share under the same terms. Brookfield currently holds 113,960,052 Common Shares, representing 29% of the issued and outstanding Common Shares of the Company. Following completion of the Offering, Brookfield will hold 73,960,052 Common Shares, representing approximately 19% of the then issued and outstanding Common Shares of Western on a non-diluted basis (or approximately 17% if the over-allotment option is exercised in full). The Offered Shares will be offered by way of a short form prospectus, to be filed by no later than August 26, 2014, in all of the provinces of Canada pursuant to National Instrument 44-101 Short Form Prospectus Distributions and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 , as amended.
    [Show full text]
  • Doman Industries Limited
    DOMAN INDUSTRIES LIMITED ANNUAL STATUTORY REPORT FOR 1999 Directors' Report Notice of Meeting Information Circular 1999 Annual Information Form — May 10, 2000 Consolidated Financial Statements FINANCIAL HIGHLIGHTS For the Years Ended December 31, 1999 1998 (millions of dollars except per share amounts) Operating Results Sales....................................................................................................................... $ 873.6 $ 779.2 EBITDA(1) .............................................................................................................. 112.0 63.8 EBIT (2) .................................................................................................................. 30.4 (7.1) Interest expense ...................................................................................................... 110.8 104.8 Operating loss......................................................................................................... (80.4) (111.9) Other income (expense) .......................................................................................... (2.0) (2.5) Income and capital taxes expense............................................................................ (26.5) (39.7) Net loss .................................................................................................................. (55.9) (74.7) Funds provided by operating activities .................................................................... 90.7 10.0 Capital expenditures ..............................................................................................
    [Show full text]