Fortress Paper takes on a new name
By P&PC Staff
By P&PC Staff
Feb. 28, 2018 – Fortress Paper Ltd. says it has changed its name to Fortress Global Enterprises Inc. to better reflect its existing business and future prospects.
“We are pleased to change the name of the company to Fortress Global Enterprises Inc. to align our focus on global investment opportunities. With the recent sale of our Swiss security paper products business, we will now adopt a name that better reflects our company’s global perspective while we continue to seek new opportunities to create shareholder value,” said Chadwick Wasilenkoff, CEO.
The company’s common shares commenced trading on the Toronto Stock Exchange under the new symbol FGE earlier this month. Fortress says it expects its 7.0 per cent convertible unsecured subordinated debentures due on December 31, 2019, will commence trading on the TSX under the new symbol FGE.DB.A. The company’s common shares quoted on the OTCQX Best Market will continue under the symbol FTPLF.
The CUSIP numbers assigned to the company’s common shares and Debentures under its new name will be 34961F102 and 34961FAA0, respectively.
Fortress says no action will be required by existing shareholders or debentureholders with respect to the name change. Certificates representing common shares and Debentures of Fortress Paper will not be affected by the name change and will not need to be exchanged.
Headquartered in North Vancouver, B.C., the company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill in Thurso, Quebec.