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EACOM Timber Corporation $33 million Secured Debt Financing by Fairfax


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"EACOM Timber Corporation Announces $40 million Secured Debenture Financing backed by Fairfax Financial Holdings Limited and Lansdowne UK Strategic Investment Master Fund Limited"




+10% coupon

+ Fairfax will nominate two directors to the board

+ Detachable warrants that provide up to 26% ownership if excercised.



"EACOM Timber Corporation is a TSX-V listed company. EACOM owns eight sawmills, all located in Eastern Canada, and related tenures."


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