Cascades green-lights Bear Island project and concurrently announces a CAD$125 million bought deal public equity offering

Cascades Inc. (TSX: CAS) (“Cascades” or the “Company”), a leader in eco-friendly recycling, hygiene and packaging solutions, is pleased to announce plans to proceed with the strategic Bear Island mill conversion project located in Virginia. Subject to obtaining final permits, the currently idled newsprint machine will be converted to a 1st quartile containerboard machine capable of producing high-quality, lightweight, 100% recycled linerboard and medium for the North American market.

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