Cathay Forest Announces Resumption of Trading and Investors Conference Call
February 16 2011 - 5:08PM
Marketwired
Cathay Forest Products Corp. ("Cathay Forest" or the "Company")
(TSX VENTURE: CFZ) announces that the cease trade order that was
issued by the Ontario Securities Commission (the "OSC") on February
1, 2011 has expired. The Company also expects that the cease trade
order issued on the same date by the British Columbia Securities
Commission (the "BCSC") will be revoked and that trading in the
common shares of the Company will resume shortly thereafter.
The cease trade orders had been imposed by the OSC and the BCSC
for failure by the Company to timely file its interim financial
statements and accompanying management's discussion and analysis
and related CEO and CFO certifications for the period ended
September 30, 2010 (collectively the "2010 Third Quarter Financial
Statements").
Cathay Forest filed the 2010 Third Quarter Financial Statements
on February 4, 2011. The 2010 Third Quarter Financial Statements
can be reviewed on SEDAR under the Company's profile at
www.sedar.com.
Cathay Forest will also hold an investors conference call to
further discuss its 2010 Third Quarter Financial Statements on
February 22, 2011 at 9:30 AM EST. To participate, please dial
416-340-9432 or 1 877-440-9795 for North America toll-free access.
Alternatively, to listen to a replay of the conference call, dial
905-694-9451 (Toll-Free: 1-800-408-3053), and enter pass code
8270083. The replay of the conference call will be available for 14
days.
About Cathay Forest Products
Cathay Forest is a forest products company that manages
approximately 1,000,000 hectares of standing timber properties and
fast-growth, high-yield poplar plantations in China and Russia.
Cathay Forest is building a world-class forest products company
through a customer base that includes the domestic Chinese pulp and
paper industry and other wood products customers in the Japanese
market.
Forward-Looking Statements
All statements, other than statements of historical fact, in
this news release are forward-looking statements that involve
various risks and uncertainties, including, without limitation,
statements regarding the future plans and objectives of Cathay
Forest. Actual results and future events could differ materially
from those anticipated in such statements. Except as required under
applicable securities laws, Cathay Forest assumes no obligation to
update forward-looking statements should circumstances or
management's estimates or opinions change.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy of this release.
Contacts: Cathay Forest Products Corp. Luc Perron, CA Chief
Financial Officer (416) 226-7269 luc.perron@cathayforest.com Cathay
Forest Products Corp. John Duncanson, RPF Interim Chief Executive
Officer & Chief Operating Officer (416) 531-3680
john.duncanson@cathayforest.com
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