VANCOUVER, Aug. 23, 2016 /CNW/ - Great Pacific Capital Corp. ("GPCC"), announced today that it acquired an additional 551,100 common shares of Westshore Terminals Investment Corporation ("Westshore"), which shares were purchased on August 23, 2016, through recognized Canadian Stock Exchanges
This acquisition brings the total holdings in the common shares of Westshore by GPCC, together with certain affiliates, to 18,494,500 common shares, representing approximately 25.13% of the outstanding common shares of Westshore, and brings the total holdings the common shares of Westshore by GPCC to 6,156,500 common shares, representing approximately 8.40% of the outstanding common shares of Westshore. GPCC and the affiliates referenced above are wholly owned by Jim Pattison.
Immediately before the acquisition, GPCC held 5,605,400 common shares of Westshore, representing 7.6% of the issued and outstanding common shares of Westshore.
GPCC is incorporated under the laws of British Columbia. The principal business of GPCC is investing in securities.
Westshore's head office is located at 1800 – 1067 West Cordova Street, Vancouver, BC V6C 1C7.
The common shares of Westshore that GPCC purchased were purchased and are presently being held for investment purposes. In the future, GPCC or its affiliates may acquire additional common shares of Westshore or dispose of such shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available.
SOURCE Great Pacific Capital Corp.
For further information: A copy of the Early Warning Report to which this press release relates can be obtained from Nick Desmarais (604-688-6764) or on the SEDAR profile of Westshore at www.sedar.com.