Form 6-K CATALYST PAPER CORP For: Nov 21
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E-mailFORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of November 2016
Commission File No. 000-49751
CATALYST PAPER CORPORATION
(Translation of registrant's name into English)
2nd Floor, 3600 Lysander Lane
Richmond
British Columbia, Canada V7B 1C3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
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Form 20-F ☒
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Form 40-F ☐
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
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Yes ☐
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No ☒
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
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Yes ☐
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No ☒
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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Yes ☐
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No ☒
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If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): _________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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CATALYST PAPER CORPORATION
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Date: November 21, 2016
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By:
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/s/ James Isaac
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James Isaac
Corporate Legal Counsel & Corporate Secretary
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EXHIBIT INDEX
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Exhibit
Number
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Description of Exhibit
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November 21, 2016
Alleged Subsidies to Catalyst Paper Preliminarily Found to be Negligible and Non-countervailable by U.S. Department of Commerce
Richmond, (BC) – Catalyst Paper Corporation (TSX: CYT) today announced that the U.S. Department of Commerce (DOC) issued Preliminary Results in its expedited review of Catalyst, finding that Catalyst received a negligible (de minimis) amount of subsidies during the applicable period of review and therefore, subject to confirmation in the DOC’s Final Results, Catalyst’s exports of supercalendered paper (SC) into the U.S. market would not be subject to countervailing duties.
“Today’s decision confirms that Catalyst did not receive any material subsidies from the Government of Canada or Province of British Columbia,” said Joe Nemeth, President & Chief Executive Officer.
Catalyst requested the expedited review, which looked specifically at the 2014 period, after the DOC imposed countervailing duties on SC paper imports from Canada in December 2015. Without individually investigating Catalyst, the DOC assigned the company an “all-others” countervailing duties rate of 18.85%, which was based on the weighted average of the rates determined for Port Hawkesbury Paper and Resolute Forest Products.
“The18.85% ‘all-others’ rate assigned to Catalyst painted an inaccurate picture of our business, and the manufacture and export of our high-quality paper products,” said Mr. Nemeth. “Catalyst has paid over $18 million in duties and legal costs since the countervailing duties were imposed. These costs have imposed a burden on Catalyst and our effort to improve our financial performance and competitiveness.”
The DOC’s Preliminary Results do not take effect until interested parties have had the opportunity to comment and the DOC issues Final Results scheduled for February 2017.
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About Catalyst Paper
Catalyst Paper manufactures diverse papers such as coated freesheet, coated one side (C1S), flexible and industrial packaging, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers, commercial printers, and converters of specialty applications in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and has been ranked by Corporate Knights magazine for the 10th consecutive year as one of the 50 Best Corporate Citizens in Canada.
For more information:
Len Posyniak
Senior Vice President, Human Resources & Corporate Services
604-247-4013
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