Conifex Timber Inc. announced that it has amended its principal asset-backed revolving line of credit with a Canadian chartered bank to increase its borrowing availability to $35 million from $25 million and extend its maturity date to January 29, 2019.

Kenneth A. Shields, Chairman and CEO of Conifex, stated: "We are pleased to successfully extend and increase the amount of our principal credit facility. It provides us with greater flexibility and liquidity for our solid wood business as we strive to enhance value for our stakeholders."

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, British Columbia.