Ms. Lyn Brown reports

CATALYST PAPER SELLS ELK FALLS SITE

Catalyst Paper Corp. has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings. The $8.6-million sale was signed and closed today.

The sale of the approximately 1,200-acre parcel includes a fully serviced 400-acre industrial site and adjacent property near Campbell River. The site formerly housed a paper and pulp mill that began operation in 1952, was indefinitely curtailed in 2009, and closed permanently in 2010. Work has been under way since then to prepare the site for sale and redevelopment for other industrial uses.