International Forest Products Limited
TSX : IFP.A

International Forest Products Limited

March 30, 2007 18:03 ET

Interfor Completes the Sale of TFL 54

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2007) - International Forest Products Limited ("Interfor") (TSX:IFP.A) announced today that it has completed the sale of TFL 54, a small tenure (66,759 m3 AAC) located on the West Coast of Vancouver Island.

The tenure was sold to Ma-Mook Natural Resources Ltd. a company owned in part by a group of five First Nations based in Ucluelet, B.C. The transaction included a market-based log supply agreement.

This sale is consistent with Interfor's strategy to focus on its core manufacturing operations and puts the timber resource management and harvesting activities under the control of the local First Nations.

Contact Information

  • International Forest Products Limited
    John A. Horning
    Senior Vice President and Chief Financial Officer
    (604) 689-6829
    Website: www.interfor.com