TORONTO, Dec. 15, 2021 /CNW/ - GreenFirst Forest Products
Inc. (TSXV: GFP) ("GreenFirst") announced that the Board of
Directors has granted 2.2 million stock options to directors and
officers of the Company which vest over 3 years and will be
exercisable for a period of five years at an exercise price of
$1.80 per stock option. In
addition, the Board granted 277,000 performance stock units to an
officer of the Company at a price of $1.80.
About GreenFirst
GreenFirst is a forest-first
business, focused on sustainable forest management and lumber
production. We believe that responsible forest
practices, coupled with the long-term green advantage of lumber,
provide GreenFirst with significant cyclical and secular advantages
in building products. GreenFirst has seven Sawmills in Ontario and Quebec and one Paper Mill in Ontario. GreenFirst's long-term vision is to
be an environmental leader in the global forestry industry.
For more information, please visit: www.greenfirst.ca.
Forward Looking Information
Certain information in
this news release constitutes forward-looking statements under
applicable securities laws. Any statements that are contained in
this news release that are not statements of historical fact are
forward-looking statements. Forward looking statements are often
identified by terms such as "may", "should", "anticipate",
"expect", "potential", "believe", "intend", "estimate" or the
negative of these terms and similar expressions. Forward-looking
statements are based on certain assumptions and, while GreenFirst
considers these assumptions to be reasonable, based on information
currently available, they may prove to be incorrect. In addition,
forward-looking statements necessarily involve known and unknown
risks, including those set out in GreenFirst's public disclosure
record filed under its profile on www.sedar.com. Readers are
further cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions
or expectations upon which they are placed will occur. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement and reflect our expectations as of the
date hereof, and thus are subject to change thereafter. GreenFirst
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Neither TSXV nor its Regulation Services Provider (as that
term is defined in policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE GreenFirst Forest Products Inc.