Conifex Timber (TSE:CFF) has released an update.
Conifex Timber Inc. has secured a $25 million term loan from PenderFund Capital Management to bolster its financial position, repay existing debts, and provide working capital for future growth. With optimism expressed by both parties despite industry challenges, the finance deal also includes the issuance of share purchase warrants to PenderFund. Conifex is also exploring additional financial avenues to ensure adequate liquidity amidst fluctuating lumber prices.
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