Conifex Timber announces issuance of common shares

Aug 22, 2012. /Lesprom Network/. Conifex Timber Inc. has issued 4,125 common shares of the Company at a deemed price of $8.50 per Common Share pursuant to a retirement arrangement with a former employee, as the company said in the press release received by Lesprom Network. The Common Shares are subject to a four-month hold period from the date of issue. The TSX Venture Exchange has previously accepted the issuance of such Common Shares. Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Upon completion of its bioenergy facility at Mackenzie, British Columbia, Conifex's business sectors will be expanded to include bioenergy.