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RESOLUTE FOREST PRODUCTS REPORTS MULTIPLE TRANSACTIONS BY PRESIDENT WOOD PRODUCTS SIMON

Resolute Forest Product adds new drone models to its Ontario woodland seeding, mapping operations; Resolute testing Hylio AG-166 drones with plans to fit them with seed spreaders, load them with jack pine seeds to seed areas right after harvest in spring

RBC highlights paper products news for the week (Nov. 6): US OCC prices fall US$5-US$20/ton in November to average US$29/ton; Cascades to shut down corrugator at Belleville, Ontario, facility; Resolute shareholders approve acquisition by Paper Excellence

RBC Capital reiterates Resolute at sector perform with US$23 target, noting Q3 adjusted EBITDA slightly below forecast and stock trading above cash consideration of US$20.50/share offered by Paper Excellence; transaction with PE on track to close H1 2023

US court sanctions Resolute in litigation against Greenpeace US, rules it violated court order by introducing new theories of damages late in discovery process; Resolute filed C$300M lawsuit in 2016 against Greenpeace for racketeering, other claims in US

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