Price Tag Revealed For Purchase Of NewPage Mill



Pt. Tupper, N.S.

 Legal documents say Vancouver-based Pacific West Commercial Corporation intends to spend 33 million dollars to buy the shuttered NewPage paper mill in Cape Breton.  The mill has been closed since last September. 

An affidavit says Pacific West would become the only shareholder of the mill in Point Tupper under the plan, which has yet to be approved in court. 

Pacific West has been in talks to purchase the idled mill since January, though a purchase price had previously not been disclosed.