RusForest announces an investor conference call on January 10
Jan 09, 2013. RusForest AB (publ) announces an investor conference call on Thursday, January 10, 2013. During the call, Management will review the restructuring proposal and introduce Nova Capital LLC, the Russian strategic investor proposing to invest SEK 100 million ($15 million) into RusForest.
Jan 09, 2013. /Lesprom Network/. RusForest AB (publ) announces an investor conference call on Thursday, January 10, 2013. During the call, Management will review the restructuring proposal and introduce Nova Capital LLC, the Russian strategic investor proposing to invest SEK 100 million ($15 million) into RusForest, as the company said in a press release received by Lesprom Network.
RusForest is a Swedish forestry company operating in eastern Siberia and the Arkhangelsk region of Russia. The Company controls approximately 3 million hectares of timber through long-term leases with an annual allowable cut (“AAC”) of approximately 3.6 million cubic meters. RusForest owns five sawmills in close proximity to its forest leases and is self-sufficient in raw material to produce more than 400,000 cubic meters per year of sawnwood products.