Jan 20, 2011. /Lesprom Network/. A subsidiary of kraft pulp producer Fibrek Inc. will receive 236,226 common shares of AbitibiBowater Inc., pursuant to the procedures undertaken by AbitibiBowater under the Companies' Creditors Arrangement Act. The shares are compensation for cancellation of a woodchip supply agreement cancelled by AbitibiBowater, as Pulp &Paper Canada reported . Fibrek is entity formed last year when the SFK Pulp Fund converted from an income fund to a corporation. It operates kraft pulp mills in St. Felicien, Que., Fairmont, West Virginia, and Menominee, Michigan. As an unsecured creditor of Abitibi-Consolidated Company of Canada, a subsidiary of Abitibi, Fibrek GP filed a claim in the amount of $45 million as compensation for the repudiation of a wood chip supply contract. As part of AbitibiBowater's plan of reorganization, a total of 20,498,391 ABH shares will be issued to Abitibi-Consolidated's unsecured creditors.