Expiration Date for KapStone Paper and Packaging Corporation's Warrants
08 Luglio 2009 - 6:40PM
PR Newswire (US)
NORTHBROOK, Ill., July 8 /PRNewswire-FirstCall/ -- KapStone Paper
and Packaging Corporation (NASDAQ:KPPC) announced today that the
expiration date for its approximately 37 million outstanding
warrants, dated as of August 19, 2005, will be extended through
Monday, August 17, 2009. The original expiration date was set for
August 15, 2009, a Saturday. Each warrant entitles the holder to
purchase from the Company one share of common stock at an exercise
price of $5.00. All other terms of the warrants remain unchanged.
About the Company Headquartered in Northbrook, IL, KapStone Paper
and Packaging Corporation is a leading North American producer of
unbleached kraft paper products and linerboard. The Company is the
parent company of KapStone Kraft Paper Corporation which includes
paper mills in Roanoke Rapids, NC and North Charleston, SC, a
lumber mill in Summerville, SC, and five chipping mills in South
Carolina. The business employs approximately 1,550 people.
DATASOURCE: KapStone Paper and Packaging Corporation CONTACT:
Andrea K. Tarbox, Vice President and Chief Financial Officer of
KapStone Paper and Packaging Corporation, +1-847-239-8812 Web Site:
http://www.kapstonepaper.com/
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