NISKU, AB, July 10 /CNW/ - Henry W. and Carol Longacre Family Limited
Partnership (the "L.P") has acquired 7,465,500 common shares ("Common Shares")
of Wood Composite Technologies Inc. ("WCT") (being approximately 10.1% of the
issued and outstanding Common Shares) at a price of $0.10 per share. After
giving effect to the acquisition, the L.P. holds 8,809,500 Common Shares
(being approximately 11.9% of the issued and outstanding Common Shares).
Carol Longacre, one of the general partners of the L.P., also holds
525,000 Common Shares, understood to be approximately 0.7% of the issued and
outstanding Common Shares.
The acquisition took place through the facilities of the TSX Venture
The L.P.'s interest in WCT is for investment purposes only. The L.P. has
no current intention of making a take-over bid for WCT. The L.P. reserves the
right from time to time to purchase additional Common Shares of WCT or to
dispose of Common Shares held by the L.P. as circumstances warrant.
For further information:
For further information: Henry Longacre, General Partner, Henry W. and
Carol Longacre Family Limited Partnership, P.O. Box 65, 604 Godshall Road,
Franconia, PA, 18924 U.S.A., Fax: (215) 723-0940