Sep 17, 2013. /Lesprom Network/. Conifex Timber Inc. announced that its wholly-owned subsidiary Conifex Power Limited Partnership has received oral confirmation that it shall receive a commitment for secured project financing (the "Project Financing") for its planned 36MW bioenergy power project in Mackenzie, British Columbia (the "Power Project") in the aggregate amount of approximately $100 million from a syndicate of lenders. As a result, Conifex Power has recommenced construction of the Power Project. Conifex expects to receive formal commitment for the Project Financing shortly, as the company said in the press release received by Lesprom Network.

The Project Financing will be subject to customary closing conditions, including completion of definitive documentation, which shall contain customary representations, warranties and covenants for a project financing of the type contemplated.

Conifex Timber Inc. and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of dimension lumber. 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.