Canfor Announces Voting Results of AGM for the Election of Directors

VANCOUVER, May 2, 2016 /CNW/ - Canfor Corporation (TSX:CFP) announces, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Wednesday, April 27, 2016 in Prince George, British Columbia.

A total of 115,754,311 common shares were voted at the meeting representing 87.16% of the votes attached to all outstanding shares.  Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows:

Director

Votes For

Percentage of Votes
For

Peter J.G. Bentley

108,223,820

95.48%

Glen D. Clark

111,872,834

98.70%

Michael J. Korenberg

110,657,857

97.63%

James A. Pattison

107,057,542

94.45%

Conrad A. Pinette

113,230,181

99.90%

James McNeill (Mack) Singleton

113,334,682

99.99%

Ross S. Smith

113,130,618

99.81%

William W. Stinson

111,230,467

98.14%

John R. Baird

113,328,514

99.99%

 

Detailed voting results for the meeting are available on SEDAR at www.sedar.com.  The vote on the election of directors was conducted by a show of hands.  The above figures are based on proxies voted for and percentage of votes for at the meeting.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia ("BC") with interests in BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas.  Canfor produces primarily softwood lumber and also owns a 51.9% interest in Canfor Pulp Products Inc., which is one of the largest producers of market northern bleached softwood kraft pulp and a leading producer of high performance kraft paper.  Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.

SOURCE Canfor Corporation

Image with caption: "Canfor Corporation (CNW Group/Canfor Corporation)". Image available at: http://photos.newswire.ca/images/download/20160502_C3454_PHOTO_EN_680002.jpg

For further information: Media Contact: Corinne Stavness, Senior Director, External Affairs and Communications, (604) 661-5225, Corinne.Stavness@canfor.com; Investor Contact: Pat Elliott, Vice President and Treasurer, (604) 661-5441, Patrick.Elliott@canfor.com

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