Doman pays coupon on 8¾% notes due 2004

New York, April 11 - Doman Industries Ltd. said it paid the coupon due March 15 on its $388 million of 8¾% senior unsecured notes maturing in 2004.

The Duncan, B.C. company had a 30-day grace period before its failure to make the interest payment became a default.

However Doman said it is continuing to review and consider strategic and restructuring alternatives.

On March 15, Doman said it did not make the coupon payment because of "current industry, financial and market circumstances, including the uncertainty surrounding any settlement or interim resolution relating to the softwood lumber tariff trade dispute and depressed pulp prices."

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