OREANDA-NEWS. August 22, 2012. RusForest AB, a Swedish forestry company with operations in Russia, will release its second quarter 2012 report on 31 August 2012 before market open. A telephone conference will be held the same day at 14:00 Central European Time (CET).

RusForest is a publicly-traded Swedish forestry company operating in eastern Siberia and the Arkhangelsk region of Russia. The Company controls approximately 3 million hectares of timber through long-term leases with an annual allowable cut (“AAC”) of approximately 3.6 million cubic meters.

RusForest owns five sawmills in close proximity to its forest leases and is self-sufficient in raw material to produce more than 400,000 cubic meters per year of sawnwood products.

RusForest is listed on NASDAQ OMX Stockholm First North (ticker symbol “RUSF”). RusForest’s largest shareholder is Vostok Nafta Investment Ltd, which owns approximately 29 per cent of the Company’s shares.