Stockholm, 2010-12-28 18:00 CET (GLOBE NEWSWIRE) --
RusForest AB (publ) ("RusForest" or the "Company") has today carried out the previously announced early redemption, in the amount of SEK 57,312,500, of the Company's maximum SEK 50,000,000 15% Bonds 2010/2011, Series 1, ISIN SE0003207604 (the "Bonds"), in accordance with clause 9 of the terms and conditions for the Bonds.
For further information please contact:
Martin Hermansson, CEO, phone: +7 903 015 64 65, +7 985 921 92 32
or
Erik Löfgren, External Relations, phone: +46 705 45 34 20
About RusForest AB (publ)
RusForest is forestry and sawmilling company operating in Eastern Siberia and the Arkhangelsk region of Russia. The Company controls long term forest leases with an annual allowable cut of approximately 1.82 million m3, and utilizes these resources to produce a wide range of sawnwood products. Eastern Siberia is renowned for its Pine and Larch of exceptional quality, while the Arkhangelsk Region in northwest Russia has high quality spruce and pine forests similar to those found in northern Sweden.
RusForest's goal is to develop into a leading independent integrated forestry and sawmilling company in Russia, with an annual harvest of 1.8-2.0 million m3 and an annual sawnwood production of 550,000-600,000 m3 during the coming four years.
RusForest AB's Certified Adviser on First North is E. Öhman J:or Fondkommission AB.
