Catalyst Paper Corporation has resumed trading on the Toronto Stock Exchange, with a new class of common shares created pursuant to its reorganization under the Companies' Creditors Arrangement Act.
The shares are trading under the symbol CYT.
Catalyst has initiated a Small Shareholder Selling Program (SSSP). The program gives shareholders of record as of January 3, 2013 holding 99 or fewer new shares the opportunity to sell all of these shares without incurring commission charges.
The SSSP began on January 7, 2013 and will expire on February 28, 2013. Shareholders wishing to participate in the SSSP must sell all of their new shares.
Catalyst and its Board of Directors are making no recommendation as to whether any shareholder should sell their new shares pursuant to the SSSP or purchase any additional new shares. The SSSP is entirely voluntary.
As previously announced, all common shares of Catalyst that were outstanding prior to the reorganization on September 13, 2012 and that were formerly traded under the symbol “CTL" were cancelled pursuant to the reorganization for no consideration and will not be listed on the TSX.