The offer for C&C Wood Products still needs the approval of the BC Supreme Court, however, a company has made a bid to purchase the company with the intention of operating it.
PricewaterhouseCoopers, the court-appointed receiver of the specialty mill and Westside Logging, is recommending that the court accept the offer of Quesnel Investment Corporation.
The report to the court states that on July 20th, it entered into two purchase agreements with Quesnel Investment Corporation.
One for the non-license assets such as the property, the plant and its equipment and the inventory, and the second for the license assets, specifically the forest and timber sales licenses of the companies.
The document indicates that it represents 145 jobs in the community.
C&C Wood Products filed for bankruptcy last month and halted operations on May 29th.
– with files from George Henderson, My Cariboo Now
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