Itasca Announces Change of Name to GreenFirst Forest Products Inc.

Itasca Capital Ltd. (“Itasca” or the “Company”) is pleased to announce that, further to its news release dated September 17, 2020, the Company has changed its name to “GreenFirst Forest Products Inc.” Effective at the opening of trading on January 13, 2021, the common shares of the Company will trade on the TSX Venture Exchange under the new name and under the new trading symbol of “GFP”. There is no consolidation of capital associated with the name change.

“The new name better reflects our current strategy and focus following the acquisition of the Kenora sawmill by 1347 Investors LLC and as we pursue new pure-play lumber investments” said Larry Swets, Chief Executive Officer of GreenFirst. “We encourage those interested in learning more about our new strategy to visit our new website at www.gffp.ca for further details.”

No action is required from shareholders in connection with the name change. Share certificates representing common shares of the Company will not be affected by the name change and will not need to be exchanged. The Company encourages shareholders to contact their broker or agent with any questions regarding the proposed name change. The new CUSIP for the Company’s common shares is 39526A100.

Source: Itasca Capital Ltd.