Acadian Timber Corp. Announces Election of Directors

Acadian Timber Corp news release with annotations

May 13, 2014 16:35 ET

TORONTO, ONTARIO--(Marketwired - May 13, 2014) - Acadian Timber Corp. (TSX:ADN) ("Acadian Timber" or the "Company") announced that the nominees listed in the management proxy circular for the 2014 Annual Meeting of Shareholders were elected as directors of the Company. Detailed results of the votes by proxy for the election of directors held at the Annual Meeting of Shareholders today in Toronto are set out below.

Nominee Votes For % For Votes Withheld % Withheld
J.W. Bud Bird 10,524,917 99.47 56,239 0.53
Reid Carter 10,529,717 99.51 51,439 0.49
David Mann 10,271,800 97.08 309,356 2.92
Samuel J.B. Pollock 10,528,807 99.51 52,349 0.49
Saul Shulman 10,266,900 97.03 314,256 2.97

About Acadian Timber

Acadian Timber is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian Timber is the second largest timberland operator in New Brunswick and Maine.

Acadian Timber owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine, and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian Timber also owns and operates a forest nursery in Second Falls, New Brunswick. Acadian Timber's products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to approximately 90 regional customers.

Acadian Timber's business strategy is to maximize cash flows from its existing timberland assets while growing its business by acquiring assets on a value basis and utilizing its operations-oriented approach to drive improved performance.

Acadian Timber's shares are listed for trading on the Toronto Stock Exchange under the symbol ADN.