Paul Rivett and Rick Doman to join Itasca Board in Conjunction with $5,000,000 Capital Raise and Closing of Interest in Kenora Sawmill
Retrieved on:
Thursday, September 17, 2020
In connection with the Acquisition, Itasca intends to complete a non-brokered private placement financing and add Paul Rivett and Rick Doman to its board of directors.
Key Points:
- In connection with the Acquisition, Itasca intends to complete a non-brokered private placement financing and add Paul Rivett and Rick Doman to its board of directors.
- "We are excited to welcome Paul Rivett and Rick Doman to the Itasca board of directors," said Kyle Cerminara, Chairman of the Itasca board.
- It is expected that the Kenora sawmill can be optimized to achieve production capacity of 200 million board feet annually.
- It is expected that Paul Rivett and Rick Doman will be the subscribers under the Private Placement.