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VANCOUVER, British Columbia, June 11, 2018 (GLOBE NEWSWIRE) — Conifex Balk Inc. (“Conifex” or the “Corporation”) (TSX:CFF) is admiring to advertise that, added to its annual absolution anachronous May 25, 2018, it is filing a final abbreviate anatomy announcement (the “Prospectus”) with applicative Canadian balance authoritative authorities with annual to a marketed alms (the “Offering”) of 10,750,000 cable receipts (the “Subscription Receipts”) of the Corporation at a amount of $6.00 per Cable Cancellation for absolute gross gain of $64,500,000, calm with an over-allotment advantage for up to an added 1,612,500 Cable Receipts, at a amount of $6.00 per Cable Cancellation for added gross gain of up to $9,675,000.

In affiliation with the Offering, the Corporation has entered into an underwriting acceding (the “Underwriting Agreement”) with a syndicate of underwriters led by Raymond James Ltd. and including CIBC Capital Markets and RBC Capital Markets (collectively, the “Underwriters”).

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The net gain of the Alms are accepted to be acclimated to partially accounts the ahead appear accretion (the “Acquisition”) by Conifex, through its wholly endemic subsidiary, of all of the outstanding associates interests of anniversary of Caddo River Backwoods Products, LLC, Suwannee Barge Holding Company, LLC and Suwannee Balk Management, LLC, which own and accomplish the Suwannee sawmill in Cross City, Florida and the Caddo River sawmill in Glenwood, Arkansas.

Each Cable Cancellation will baptize the holder thereof to receive, after acquittal of added application or added action, one accepted allotment of the Corporation aloft closing of the Acquisition.

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The Corporation has accustomed codicillary accepting to annual the Cable Receipts and the basal accepted shares on the Toronto Stock Exchange.

The Alms is accepted to aing on or about June 19, 2018 and is accountable to accepted closing conditions.

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For added advice apropos the Acquisition, amuse accredit to the Corporation’s annual absolution anachronous May 15, 2018 and the Announcement in annual of the Offering, a archetype of which will be accessible beneath the Corporation’s contour on SEDAR at www.sedar.com.

The Cable Receipts will be offered in all ambit of Canada added than Québec. Accountable to applicative law and the accoutrement of the Underwriting Agreement, the Underwriters may action the Cable Receipts alfresco of Canada, including in the United States in assurance on applicative clandestine adjustment exemptions beneath United States federal and accompaniment balance law.

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The balance declared herein accept not been, and will not be, registered beneath the United States Balance Act of 1933, as adapted (the “U.S. Balance Act”), or any accompaniment balance laws, and accordingly, may not be offered or awash to, or for the annual or annual of, bodies in the United States or to U.S. Bodies (as such appellation is authentic in Regulation S beneath the U.S. Balance Act), except in acquiescence with the allotment requirements of the U.S. Balance Act and applicative accompaniment balance requirements or pursuant to exemptions therefrom. This columnist absolution does not aggregate an action to advertise or a address of an action to buy any of the Corporation’s balance to, or for the annual or annual of, bodies in the United States or U.S. Persons.

About Conifex Balk Inc.

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Conifex and its subsidiaries’ primary business currently includes balk harvesting, reforestation, backwoods management, sawmilling logs into barge and copse chips, and amount added barge finishing and distribution. Conifex’s barge articles are awash in the United States, Chinese, Canadian and Japanese markets. Conifex has broadcast its operations to accommodate bioenergy assembly afterward the admission of bartering operations of its adeptness bearing adeptness at Mackenzie, British Columbia.

For added information, amuse contact:Yuri Lewis, Chief Financial Officer at (778) 331-8687

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Forward-Looking StatementsThis columnist absolution contains advanced attractive statements with annual to Conifex, the proposed Accretion and the Offering, including statements apropos the accepted use of gain of the Alms and the accepted Alms and Accretion closing dates. Although the Corporation believes that the expectations reflected in such advanced attractive statements are reasonable, such statements absorb risks and uncertainties and are based on advice currently accessible to the Corporation. Absolute after-effects may alter materially from those bidding or adumbrated by such advanced attractive statements. Factors that could account absolute after-effects or contest to alter materially from accepted expectations, amid added things, accommodate risks accompanying to cancellation of actor and authoritative approvals and achievement of added altitude to closing the Accretion and those accompanying to the Corporation’s adeptness to complete the Alms on adequate agreement or at all, and added factors discussed in abstracts filed with applicative balance authoritative authorities from time to time including affairs discussed beneath “Risk Factors” in the Corporation’s 2017 Annual Advice Anatomy and the Prospectus, copies of which are accessible beneath the Corporation’s contour on SEDAR at www.sedar.com. These advanced statements are fabricated as of the date hereof, and the Corporation assumes no obligation to amend or alter them to reflect new contest or circumstances, except as appropriate by law.

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