AbitibiBowater Inc., doing business as Resolute Forest Products, has announced that it has taken up and accepted for payment 12,305,679 additional shares of Fibrek Inc. (TSX: FBK) deposited to its offer as of the close of business today.  Together with the shares the Company acquired up to and including May 3, Resolute holds approximately 63.3% of the currently outstanding shares. As aggregate consideration for the shares taken up today, Resolute will distribute approximately 350,000 newly-issued shares of its common stock and CAD$6.8 million in cash through RFP Acquisition Inc., a wholly-owned subsidiary.

The Company also announced that it has extended to 5:00 p.m. on May 17 the expiry time for its offer.  As further described in the offer circular and other ancillary documentation related to the offer (as amended), Resolute intends to carry out a second step transaction to acquire the Fibrek shares not deposited in the offer.

The offer to acquire all of the issued and outstanding shares of Fibrek made by Resolute, together with RFP Acquisition Inc., a wholly-owned subsidiary, is more fully described in the offer circular and other ancillary documentation that Resolute filed on December 15, 2011, on the "SEDAR" website maintained by the Canadian Securities Administrators, as varied and extended.  The offer expires at 5:00 p.m. (Eastern time) on May 17, 2012.

Questions and requests for assistance or further information on how to tender Fibrek common shares to the offer should be directed to, and copies of the above referenced documents may be obtained by contacting, Georgeson at 1-866-598-0048 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.