Le Groupe Forex Inc. (the “company”) announces that its Board of Directors approved today the calling of a special meeting of its shareholders for the purpose of ratifying a by-law which provides for the conversion into Class B Subordinate Voting Shares of all outstanding Preferred Shares; on a one for one basis.
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This closing, combined with slowdowns in the transportation of finished goods (OSB-board) from Saint-Michel-des-Saints and Chambord, are reflected in a decrease in sales of approximately $8 million, resulting in a drop in net profits of $0.05 and $0.20 per share, respectively, in the last quarter of 1994. Deliveries are now back on track and […]
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Surpassing the $200 million mark, the company’s sales increased from $90,500,000 in 1993 to $210,485,000 in 1994, for an impressive increase of 132%.
This closing, combined with slowdowns in the transportation of finished goods (OSB-board) from Saint-Michel-des-Saints and Chambord, are reflected in a decrease in sales of approximately $8 million, resulting in a drop in net […]
In view of the conversion, the Company has filled the Articles of Amendment giving effect to the capital stock modifications approved by the shareholders at the annual and special meeting of shareholders of April 28, 1995. The Company’s authorized capital is therefore now comprised of Class A Multiple Voting Shares, Class B Subordinate Voting […]
FOREX Chairman and Chief Executive Officer, Jean-Jacques Cossette, explained that “this agreement subscribes to the fundamental corporate objective of improving FOREX’s leadership in the OSB industry. We believe it is essential to examine all opportunities for growth available in Quebec. In fact, we have here a superior quality, competitively-priced forestry resource, […]