Mackenzie Mill Purchase Before the Court Today
By 250 News
Wednesday, August 20, 2008 03:59 AM
Prince George, B.C.- The man behind the numbered company which has an offer to
purchase the Mackenzie Pulp mill is keeping quiet.
purchase the Mackenzie Pulp mill is keeping quiet.Dan White is the President of Worthington Properties of Edmonton. He is listed as the sole director of the numbered company which was registered in B.C. one week ago. When contacted by Opinion 250, Mr. White said he would be more than happy to talk, but not until later this afternoon.
The numbered company is in court today, hoping the court will approve the $20 million dollar offer to purchase the mill which has been idle for more than two months now.
The news of a potential purchaser is being celebrated in Mackenzie, but the Mayor, Stephanie Killam, says she is cautiously optimistic “The community is happy to hear the good news, but I will be happier when I hear it’s a done deal.” Killam may be a little gun shy since there was an offer before from the Asia Pulp and Paper group which fell through.
There are more than 250 workers who are waiting to hear the Court’s ruling on the $20 million dollar offer. The deal (if approved) would close September 19th. The full price is tied to the timing of the closure of the deal and the Canfor agreement to supply chips to the mill. Canfor shut down its Mackenzie sawmill and doesn’t want that fibre supply agreement to be upheld as that would force Canfor to have to produce chips for the pulp mill. Canfor has applied to the Court to end the contract.
As for Worthington Properties, it is a development company based in Edmonton. Its website outlines several real estate projects, but no mention of operations of a pulp or any mill for that matter. That has lead some to ask "is the numbered company working for someone else?"
Previous Story - Next Story
Email
Print
Facebook
Twitter
Digg
Del.icio.usReturn to Home
Posted by: Eagleone on August 20 2008 6:57 AM