CanWel Building Materials Group Ltd.

CanWel Building Materials Group Ltd.

November 17, 2005 20:14 ET

The Futura Corporation Increases its Investment in CanWel Building Materials Income Fund

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2005) - The Futura Corporation ("TFC") today announced that it has acquired 906,100 units in CanWel Building Materials Income Fund (TSX:CWX.UN) ("CWX"), increasing TFC's holdings to 1,923,005 units and 8,033,168 exchangeable partnership units, representing approximately 29.7% of the total outstanding units of CWX (assuming exchange of all outstanding exchangeable partnership units).

The purchase of the units in CWX was made through the facilities of the Toronto Stock Exchange for investment purposes. TFC may from time to time acquire additional units of CWX, dispose of some or all of the existing or additional units of CWX, or continue to hold the units of CWX in the normal course of TFC's investment activities, subject to applicable securities laws.

Contact Information

  • The Futura Corporation
    Amar S. Doman, President and CEO
    (604) 608-6600
    Suite 2970, 700 West Georgia Street, PO Box 10017,
    Pacific Centre, Vancouver, BC V7Y 1A1