Food for Thought

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Catalyst Paper Corporation (TSX – CYT) announced on Monday, May 16th, that it has been informed that three of its major shareholders, Mudrick Capital Management, L.P., Cyrus Capital Partners, l.P. and OCM Luxembourg VOF Sarl, a fund indirectly managed by Oaktree Capital (the ‘Reporting Persons”), have on an individual basis completed Schedule 13D filings with the United States Securities and Exchange Commission disclosing that they are currently engaged in discussions with a third party concerning a potential material strategic transaction involving Catalyst Paper. The Reporting Persons have also reported that there can be no assurance that such discussion will result in the consummation of any such transaction.

Neither the Board of Directors nor management have been contacted by or received a proposal from such third party regarding a potential transaction. Catalyst will only further comment if and when required by applicable securities law.

 

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