First Nations oppose Canfor’s merger plan
First Nation leaders announced they will inform the shareholders of Slocan that the proposed merger “is a poor investment if First Nations challenge this transaction“.
“The recent announcement of the proposed merger between Slocan and Canfor will not occur without First Nations involvement”, states Justa Monk, Steering Committee Member for the province-wide Title and Rights Alliance. Last year two landmark court victories in BC involved First Nation challenges to tenure transfers. The province attempted to undermine these victories by changing the Forest Act . The Title and Rights Alliance has indicated they intend to challenge the new legislation as an infringement of the Title and Rights.