Investor Presentaiton
Strengthen the Foundation: Strategic Partnerships
with Huu-ay-aht First Nations
In March 2019, Western completed the sale of a 7%
ownership interest in TFL 44 LP to Huumiis Ventures
Limited Partnership ("HVLP")1 for $7.3 million
TFL 44 LP consists of certain assets and liabilities of
Western's Port Alberni Forest Operation, including TFL 44
In March 2020, Western announced the sale of an
incremental 44% ownership interest in TFL 44 LP and
a 7% ownership interest in a newly formed Alberni
Pacific Division Sawmill LP to HVLP for $36.2 million
-
-
TFL 44 LP ownership at closing: HVLP 51% | Western 49%
Western may sell to other area First Nations up to a further
26% ownership interest in TFL 44 LP, post closing
Long-term log agreement to continue to supply Western's
coastal manufacturing operations
Subject to customary closing conditions, financing, and
certain third-party consents (closing anticipated in Q3-20)
(1) Limited partnership beneficially owned by Huu-ay-aht First Nations
Ucluelet
TFL 44
TFL 44
Bamfield
WFP
Port
Alberni
Alberni Pacific
Division Sawmill
TFL 44
TFL 44 LP Allowable Annual Cut: 782,482 m³
Vancouver
Island
Continue to explore mutually beneficial relationships with First Nations
B.C.
Vancouver
Victoria
10
10View entire presentation