A $400,000 Non-Repayable Financial Contribution in the Ced-Or Sawmill Inc. Project.MONTREAL -- Ced-Or Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:COQ) ("Ced-Or") is pleased to announce that Investment Quebec, within the frame of the Immigrant Investor Program for Assistance to Business, will invest $ 400,000 in the form of a non-repayable contribution in its subsidiary Ced-Or Sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which Inc. ("CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ") value-added cedar lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to products manufacturing mills project in Maniwaki and Mont-Laurier. This non-repayable financial contribution will be invested in CSI for a maximum of four (4) annual, equal and consecutive payments, the first one being payable at the earliest twelve (12) months following the agreement signature, or August 2005. This financial assistance will allow CSI to make additions and technical upgrading to its two mills and to upgrade its cash flow. Ced-Or common shares trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. The TSX Venture Exchange is not responsible in any way whatsoever for the authenticity or accuracy of this release. CED-OR CORPORATION |
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