Western Forest Products Completes Sale of Ownership Interest in Newly Formed Mid-Island Partnership

VANCOUVER, British Columbia, March 28, 2024 - The Tlowitsis, We Wai Kai, Wei Wai Kum and K’ómoks First Nations (the “Nations,” all member First Nations of the Nanwakolas Council), and Western Forest Products Inc. (TSX: WEF) (“Western”) announced today the completion of the previously announced agreement for the Nations to acquire a 34% interest from Western in a newly formed Limited Partnership (the “Partnership”) for $35.9 million (the “Transaction”).

More Articles …