EACOM ANNOUNCES TWO NEW DIRECTORS
16 June 2011 - 7:41AM
PR Newswire (Canada)
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
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