Jewett-Cameron Trading Company Ltd. Authorizes Share Repurchase Plan


    


    
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<p>NORTH PLAINS, Ore., <span class="xn-chron">May 25</span> /CNW/ -- Jewett-Cameron Trading Company Ltd. ("Jewett-Cameron") (Nasdaq:   JCTCF; TSX: JCT) today is pleased to announce that its Board of Directors has authorized the implementation of a share repurchase plan to purchase for cancellation up to 425,000 common shares through facilities of the NASDAQ Stock Market ("NASDAQ") and/or privately negotiated transactions.  Currently, there are 2,390,977 common shares outstanding, so these 425,000 shares represent 17.8% of the total shares outstanding.  Other than transactions that may involve the Jewett-Cameron Trading Company Ltd. Employee Stock Ownership Plan, no shares will be knowingly purchased from Jewett-Cameron insiders or their affiliates.</p>
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<p>The price that Jewett-Cameron will pay for any shares under the share repurchase plan will be the prevailing market price at the time of the purchase up to a maximum of US$7.00 per share.  The share repurchase plan will be effected in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934, which contains restrictions on the number of shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes ("ADTV") of Jewett-Cameron's shares on NASDAQ.  Purchases shall be limited to one "Block" purchase per week in lieu of the 25% of ADTV limitation for compliance with Rule 10b-18(b)(4). A "block" as defined under Rule 10b-18(a)(5)(ii) to mean a quantity of stock that, among other things, is at least 5,000 shares and has a purchase price of at least US$50,000.</p>
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<p>This share repurchase plan may commence on <span class="xn-chron">June 1, 2010</span> and will remain in place until <span class="xn-chron">August 17, 2010</span> but may be limited or terminated at any time without prior notice.  Jewett-Cameron has not repurchased any shares within the previous twelve months.</p>
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<p>The share repurchase program was approved by the Company's Board of Directors as part of its ongoing consideration of alternative ways to leverage the Company's strong cash position. The Board of Directors believes that a share repurchase program at this time is in the best interests of the Company and its shareholders, and will not impact the Company's ability to execute its growth plans.</p>
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    About Jewett-Cameron Trading Company Ltd.

    
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<p>Jewett-Cameron Trading Company Ltd. was incorporated in British Columbia on <span class="xn-chron">July 8, 1987</span> as a holding company for Jewett-Cameron Lumber Corporation ("JCLC"), incorporated <span class="xn-chron">September 1953</span>.  Jewett-Cameron Trading Company, Ltd. acquired all the shares of JCLC through a stock-for-stock exchange on <span class="xn-chron">July 13, 1987</span>, and at that time JCLC became a wholly owned subsidiary.  JCLC has the following wholly owned subsidiaries. MSI-PRO Co. ("MSI"), incorporated <span class="xn-chron">April 1996</span>, Jewett-Cameron Seed Company, ("JCSC"), incorporated <span class="xn-chron">October 2000</span>, and Greenwood Products, Inc. ("Greenwood"), incorporated <span class="xn-chron">February 2002</span>.  Jewett-Cameron Trading Company, Ltd. and its subsidiaries (the "Company") have no significant assets in <span class="xn-location">Canada</span>.</p>
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<p>The Company, through its subsidiaries operates out of facilities located in North Plains, Oregon and the vicinity of <span class="xn-location">Portland</span>, Oregon.  JCLC's business consists of warehouse distribution and direct sales of wood products and specialty metal products to home centers and other retailers located primarily in the <span class="xn-location">United States</span>.  Greenwood is a processor and distributor of industrial wood and other specialty building products principally to customers in the marine and transportation industries in the <span class="xn-location">United States</span>.  MSI is an importer and distributor of pneumatic air tools and industrial clamps in the <span class="xn-location">United States</span>.  JCSC is a processor and distributor of agricultural seeds in the <span class="xn-location">United States</span>.</p>
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    Safe Harbor Statement

    
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<p>This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding our strategy, future operations, future financial position, future revenues, certain statements and expectations regarding the asset acquisition, projected costs, prospects, plans and objectives of management are forward-looking statements. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. There are a number of important factors that could cause Jewett-Cameron's actual results to differ materially from those indicated by such forward-looking statements which are described in the "Risk Factors" section of our most recent periodic report and registration statement filed with the SEC. We disclaim any intention or obligation to update any forward-looking statements.</p>
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<p>For further information, contact:</p>
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    Donald Boone
    President/CEO, Jewett-Cameron Trading Company Ltd.
    (503) 647-0110






    

For further information: For further information: Donald Boone, President/CEO of Jewett-Cameron Trading Company Ltd., +1-503-647-0110 Web Site: http://www.jewettcameron.com

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