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Unifort signs agreement


April 30, 2004
By Pulp & Paper Canada

Unifort Scierie-Pte Inc., reached final agreements with Katahdin Pulp Qubec Inc. a company controlled by Brascan…

Unifort Scierie-Pte Inc., reached final agreements with Katahdin Pulp Qubec Inc. a company controlled by Brascan Financial Corporation, pursuant to which Katahdin will operate, at its own cost and for its own benefit, the pulp mill and cogeneration facilities located in Port-Cartier, QC, on the basis of a lease and tolling agreement. The agreement provides for an initial term of 11 years, which may be extended. Katahdin intends to take possession of the pulp mill immediately.

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