Cathay Forest Provides Operational Update
March 28 2011 - 9:03PM
Marketwired
Cathay Forest Products Corp. ("Cathay Forest" or the "Company")
(TSX VENTURE: CFZ) is pleased to provide an operational update.
Trading in the shares of the Company was initially suspended by the
TSX Venture Exchange (the "Exchange") as a result of a Cease Trade
Order issued by the Ontario Securities Commission (the "OSC") and
the British Columbia Securities Commission (the "BCSC") on February
1, 2011. The Cease Trade Order issued by the OSC expired on
February 16, 2011 and the Cease Trade Order issued by the BCSC was
revoked on the same date.
Cathay Forest then proceeded expeditiously with its application
to the Exchange for a reinstatement of trading in its shares. Prior
to the shares of the Company being reinstated to trading the
Exchange initiated a full review of the Company's application. The
Company is cooperating fully with the Exchange in its listing
review and expects trading to be reinstated shortly following its
completion by the Exchange.
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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