Acadian Timber Corp.
TSX : ADN

Acadian Timber Corp.

May 26, 2016 17:05 ET

Acadian Timber Corp. Announces Election of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) - Acadian Timber Corp. (TSX:ADN) ("Acadian Timber" or the "Company") announced that the nominees listed in the management proxy circular for the 2016 Annual 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 Meeting of Shareholders today in Toronto are set out below.

Nominee Votes For % For Votes Withheld % Withheld
J.W. Bud Bird 10,409,321 96.38 % 390,931 3.62 %
Mark Bishop 10,436,411 96.63 % 363,841 3.37 %
Phil Brown 10,394,121 96.24 % 406,131 3.76 %
Reid Carter 10,445,761 96.72 % 354,491 3.28 %
David Mann 10,341,552 95.75 % 458,700 4.25 %
Saul Shulman 10,404,912 96.34 % 395,340 3.66 %
Ben Vaughan 10,434,311 96.61 % 365,941 3.39 %

About Acadian Timber

Acadian Timber Corp. is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian is the second largest timberland operator in New Brunswick and Maine.

Acadian owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine, and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian also owns and operates a forest nursery in Second Falls, New Brunswick. Acadian's products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to approximately 100 regional customers.

Acadian's business strategy is to maximize cash flows from its existing timberland assets while growing our business by acquiring assets on a value basis and utilizing our 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 www.acadiantimber.com.

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