Nov 28, 2012. /Lesprom Network/. Catalyst Paper has accepted a qualified stalking horse bid from MLR Ventures, LLC (the Stalking Horse) as part of the sales process for disposition of the Snowflake facility and Apache Railway, as the company said in the press release received by Lesprom Network. "We have received a $12 million Stalking Horse bid for the assets and land associated with the Snowflake facility and the equity of Apache Railway," said President and CEO Kevin J. Clarke. "We look forward to beginning the next phase of the sale process and to identifying a qualified buyer in the near term." The bid by the Stalking Horse is subject to higher and better offers obtained through the US Court-approved sale and investor solicitation procedures. Catalyst Paper expects to receive binding bids for the assets from qualified bidders on December 7, 2012 and expects to hold an auction among qualified bidders on December 17, 2012 in New York City. A hearing in the US Court is scheduled for December 19, 2012 to consider approval of the sale. Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. With three mills, located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million tonnes.