A B.C. Supreme Court justice has authorized the process that will ultimately lead to the sale of the Nova Scotia timberlands, Crown land leases and a nursery controlled by Northern Pulp. Justice Shelley Fitzpatrick approved a $104-million baseline bid for the assets by Macer Forest Holdings on Thursday. Macer’s bid, known as a stalking horse agreement, positions the Ontario-based company to pick up the …Pictou County pulp mill assets unless other interested parties come forward. If other bidders are identified by Nov. 20, an auction would be held using the stalking horse price as the starting point. …If Macer is not successful at auction, it would receive compensation of up to about $3.1 million. …Proceeds of the asset sale are to go toward Northern Pulp’s debts, including money its parent company, Paper Excellence, has lent it for the creditor protection process, the cost of winding up company pension plans and some of what is owed to the Nova Scotia government for previous loans.