Acadian Timber Corp. Announces Change of Location for Annual and Special Meeting of Shareholders
April 30 2020 - 5:05PM
Acadian Timber Corp. (the “Company”) (TSX:ADN) announced today that
the location of its 2020 Annual and Special Meeting of Shareholders
(the “Meeting”) has been changed to the Company’s Edmundston, New
Brunswick office, located at 365 Canada Road, Edmundston, NB, E3V
1W2. Due to the ongoing coronavirus disease 2019 (“COVID‐19”)
pandemic, the original meeting location was no longer available.
The date and time of the Meeting have not changed.
As a result of public health measures
implemented to combat the spread of COVID-19, including
restrictions on mass gatherings implemented by the Government of
New Brunswick, in-person attendance at the Meeting will be
restricted to essential personnel and registered shareholders and
proxyholders entitled to attend and vote at the Meeting. In order
to comply with government orders concerning the maximum size of
public gatherings and required social distancing parameters, the
Company may be unable to admit shareholders to the Meeting.
The Company strongly encourages shareholders not to attend
the Meeting in person and to vote their common shares prior to the
Meeting by following the instructions set out in the proxy
materials for the Meeting, copies of which are available on the
Company’s profile on SEDAR at www.sedar.com and on the Company’s
website at www.acadiantimber.com.
To allow shareholders to follow along with the
Meeting, the Company will broadcast the Meeting via conference call
and live webcast on Thursday, May 7, 2020 at 11:00 AM (Atlantic
Time). Shareholders will not be able to vote or speak
through the conference call or webcast. There will
be a question and answer session following the termination of the
formal business of the Meeting during which shareholders attending
the conference call can ask questions. Shareholders are invited to
submit their questions in advance by May 5, 2020, by e-mail to
ir@acadiantimber.com.
These changes to the format of the Meeting are
intended to reduce the potential risks associated with COVID-19.
The Company is actively monitoring the COVID-19 situation and is
sensitive to the public health and travel concerns shareholders may
have and the protocols that federal, provincial, and local
governments have and may further impose. While the Company plans to
take prudent precautions in the holding of the Meeting, it cannot
guarantee that the effectiveness of any such precautions will be
absolute.
To participate in the Meeting on May 7, 2020 at
11:00 AM (Atlantic Time), please dial +1-866-795-3013 toll free in
North America (Canada and the USA) or, for oversees calls, please
dial +1-409-937-8907 at approximately 10:50 AM (Atlantic Time). The
conference ID is 8113289. For those unable to participate, a taped
rebroadcast will be available until midnight June 6, 2020. To
access this rebroadcast, please dial +1-855-859-2056 toll free or +
1-404-537-3406 (Conference ID 8113289). The Meeting will also be
webcasted live on our website, where it will be archived for future
reference.
Acadian Timber Corp. (TSX: ADN)
is a leading supplier of primary forest products in Eastern Canada
and the Northeastern U.S. With a total of approximately 2.4 million
acres of land under management, Acadian is one of the largest
timberland operators in New Brunswick and Maine. Acadian owns and
manages approximately 1.1 million acres of freehold timberlands in
New Brunswick and Maine and provides timber services relating to
approximately 1.3 million acres of Crown licensed timberlands in
New Brunswick. Acadian’s products include softwood and hardwood
sawlogs, pulpwood and biomass by-products, sold to approximately 85
regional customers. Acadian’s business strategy is to maximize cash
flows from its existing timberland assets while growing its
business by acquiring assets on a value basis and utilizing its
operations-oriented approach to drive improved performance.
For further information, please visit our
website at www.acadiantimber.com or contact:Adam SheparskiChief
Financial OfficerTel: 1-506-737-2345 ext. 2356E-mail:
ir@acadiantimber.com
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