NorskeCanada to rename itself Catalyst Paper Corporation
Press release from the issuing company
VANCOUVER, July 27 -- NorskeCanada will seek shareholder approval this fall to change its corporate name to Catalyst Paper Corporation.
This move reflects the company's independence as a producer of paper and pulp products for a range of customer market segments, including magazine, catalogue, newspaper and directory publishing, commercial printing and retail advertising.
"Our new name will help us clear up any lingering confusion among stakeholders about who we are," said Russell J. Horner, president and chief executive officer. "We are an independent Canadian company. We sell pulp and paper products worldwide, from our base in BC, and it is time we were known by a name that is distinctively our own. We appreciate our relationship with Norske Skog who is supportive of this change and will continue to bring value to the company through Board input."
A special meeting of shareholders to seek approval of the name change will be held October 3, 2005. Norske Skogindustrier ASA holds 29.4 per cent of the company's shares and has advised NorskeCanada it intends to vote in favour of the new name. Upon shareholder approval, the company will begin using Catalyst as its corporate name and brand and will trade under a new stock symbol beginning October 3.
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