Eacom Timber Corporation (TSXV:ETR)
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VANCOUVER and MONTREAL, June 15, 2011 /CNW/ --
VANCOUVER and MONTREAL, June 15, 2011 /CNW Telbec/ - EACOM Timber
Corporation (TSXV: ETR) ("EACOM" or the "Company") today announced that
at its annual general meeting held today, it has elected two new
directors to its Board. Joseph (Jay) Gurandiano and Gilles Masson, C.
Jay is the Managing Director of Stone House Investment Holdings Inc., an
investment holdings company. He is a director of Xerium Technologies
Inc. (NYSE:XRM). He also served as the Chairman of the Board of
Directors of Ainsworth Lumber Co. Ltd., a lumber and wood products
company, until May 2010. Jay has been appointed the Chair of the
Corporate Governance, Nominating and Human Resources Committee.
Gilles is a corporate director of several public companies including
MALAGA Inc., Royal Nickel Corporation and SEMAFO Incs. Prior to his
retirement in 2005, he was a partner of the firm PricewaterhouseCoopers
LLP. Gilles has been appointed the Chair of the Audit Committee.
"We welcome Jay and Gilles to our Board. They will bring additional
independence and skills to our Board. This is a further important step
in positioning EACOM for growth," said Rick Doman, President and Chief
Executive Officer.
About EACOM
EACOM Timber Corporation is a TSX-V listed company. EACOM owns seven
sawmills and an equity interest in an eighth sawmill, all located in
Eastern Canada and related tenures. The mills are Timmins, Nairn
Centre, Gogama and Ear Falls in Ontario and Val-d'Or, Ste-Marie and
Matagami in Quebec. The equity interest is in the Elk Lake sawmill
located in Ontario. The sawmills in Ear Falls, Ontario, and Ste-Marie,
Quebec, are currently idled. EACOM also owns one idle mill in Big River
Saskatchewan. EACOM also owns a remanufacturing facility and a 50%
interest in an "I" joist plant.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release. All director and officer appointments
are subject to TSX Venture Exchange approval.
Forward-Looking Statements
All statements in this news release that are not based on historical
fact are "forward-looking statements." While management has based any
forward-looking statements contained herein on its current
expectations, the information on which such expectations were based may
change. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside of
our control that could cause actual results to materially differ from
such statements. Such risks, uncertainties, and other factors include,
but are not necessarily limited to, those set forth under the captions
"Risk Factors" of the Filing Statement dated January 8, 2010 and the
current MD&A for EACOM Timber Corporation on file with the Canadian
Securities Commissions.
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/June2011/15/c6536.html
p align="justify" Frédéric Bérard, Media relationsbr/ Vice-President Financial and Regulatory Affairsbr/ HKDP Communication and public affairsbr/ (514) 917-1040 /p