VANCOUVER, British Columbia, April 18, 2018 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX:IFP) announced today that it has removed the sale restrictions on, and consented to a sale by Ilim Timber Continental S.A. of, 3.68 million Interfor common shares in an ordinary market transaction.

FORWARD-LOOKING STATEMENTS

This release contains information and statements that are forward-looking in nature, including, but not limited to, statements about the potential sale by Ilim of its common shares in Interfor. A statement Interfor makes is forward-looking when it uses what is known today to make a statement about the future.  Such forward-looking statements are based on Interfor’s current expectations and certain assumptions, including assumptions regarding Ilim’s ability to effect the sale of its common shares in Interfor.  Such forward-looking statements involve known and unknown risks and uncertainties that, if they eventuate, may cause Interfor’s actual results to be materially different from those expressed or implied by those forward-looking statements.  Such risks and uncertainties include, among other things, price volatility, currency exchange sensitivity, regulatory requirements, and the ability and willingness of Ilim and its transaction counterparties to complete the transactions.  Readers are cautioned not to place undue reliance on forward-looking information or statements.  Interfor undertakes no obligation to update such forward-looking information or statements, except as required by law.

ABOUT INTERFOR

Interfor is a growth-oriented lumber company with operations in Canada and the United States.  The Company has annual production capacity of approximately 3.1 billion board feet and offers one of the most diverse lines of lumber products to customers around the world.  For more information about Interfor, visit our website at www.interfor.com.

For further information:
Martin L. Juravsky, Senior Vice President & Chief Financial Officer
(604) 689-6873