It's nowhere near a done deal, but at least The Pas has a ray of hope that its pulp and paper mill won't close.
Tolko Industries confirmed on Monday night that it has received a signed letter of intent from a potential buyer for its pulp and paper mill that it announced last month it was closing on Dec. 2.
Jim Baskerville, Tolko's vice-president, emphasized that the letter of intent is not a guarantee of a sale, but "it's an important first step."
"These letters are non-binding, but they lay out the framework for a deal. They come with clearly spelled out conditions. We know what the conditions are and we will work with government, the provincial and municipal, and the union."
Baskerville said he would not divulge the possible purchasing company's name, but he added it wasn't alone. read more >>
