GreenFirst Forest Products (TSE:GFP) has released an update.
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GreenFirst Forest Products has announced a rights offering to raise up to $96.9 million, aiming to enhance productivity and future earnings through an off-cycle capital expenditure program. The company is also preparing for a spin-out of Kap Corporation shares to GreenFirst shareholders, scheduled for early November. These strategic moves are designed to bolster GreenFirst’s competitiveness and financial strength in the lumber industry.
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