Fraser Papers Inc.

Fraser Papers Inc.

December 16, 2010 18:02 ET

Fraser Completes the Sale of Its New Hampshire Paper Mill

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) - Fraser Papers Inc. (together with its subsidiaries, "Fraser Papers" or the "Company") announced today that it completed the sale of its paper mill in Gorham, New Hampshire on December 16, 2010, to a subsidiary of Counsel RB Capital, LLC.

Fraser Papers remains under creditor protection pursuant to the provisions of the Companies' Creditors Arrangement Act ("CCAA"), with its stay of proceedings having been extended by the court to February 28, 2011.

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