CanWel Building Materials Group Ltd.
TSX : CWX

CanWel Building Materials Group Ltd.

September 01, 2011 08:00 ET

CanWel Building Materials Announces Insider Buying

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) -

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

CanWel Building Materials Group Ltd. ("CanWel" or "the Company") (TSX:CWX) announced today its largest shareholder, The Futura Corporation ("Futura"), an investment firm controlled by Amar S. Doman, Chairman and Chief Executive Officer of CanWel, has acquired 500,000 shares of the Company. As a result, Futura's ownership as at the date of this announcement amounts to 24.5% of the total number of shares issued and outstanding.

About CanWel Building Materials

CanWel Building Materials trades on the Toronto Stock Exchange under the symbol CWX and is one of Canada's largest national distributors in the building materials and related products sector, operating distribution centres coast to coast in all major cities and strategic locations across Canada. CanWel distributes a wide range of building materials, lumber, hardware and renovation products. Further information can be found in the disclosure documents filed by CanWel (and its predecessor, CanWel Building Materials Income Fund) with the securities regulatory authorities, available at www.sedar.com.

Contact Information

  • CanWel Building Materials Group Ltd.
    Ali Mahdavi
    Investor Relations
    416-962-3300 or +1(866) 430-6247
    am@spinnakercmi.com