VANCOUVER, Feb. 14, 2017 /CNW/ - Great Pacific Capital Corp. ("GPCC"), announced today that it acquired an additional 2,114,200 common shares of Canfor Corporation ("Canfor"), which shares were purchased on February 13, 2017, through recognized Canadian Stock Exchanges
This acquisition brings the total holdings in the common shares of Canfor by GPCC, together with certain affiliates, to 62,675,022 common shares, representing approximately 47.19% of the outstanding common shares of Canfor, and brings the total holdings of common shares of Canfor by GPCC to 36,231,872 common shares, representing approximately 27.28% of the outstanding common shares of Canfor. GPCC and the affiliates referenced above are wholly owned by Jim Pattison.
Immediately before the acquisition, GPCC held 34,117,672 common shares of Canfor, representing approximately 25.69% of the issued and outstanding common shares of Canfor.
GPCC is incorporated under the laws of British Columbia. The principal business of GPCC is investing in securities.
Canfor's head office is located at 100 – 1700 West 75th Avenue, Vancouver, BC V6P 6G2.
The common shares of Canfor 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 Canfor 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 Canfor at www.sedar.com.