VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2011) - The Futura Corporation ("Futura")1 announces that it owns 2,243,040 common shares in Hardwoods Distribution Inc. (TSX:HWD) ("Hardwoods"), representing approximately 14.04% of the total outstanding common shares of Hardwoods.
The common shares in Hardwoods were acquired as a result of Hardwoods conversion to a corporation from an income fund, and are held for investment purposes. Futura may from time to time acquire additional common shares of Hardwoods, dispose of some or all of the existing or additional common shares of Hardwoods, or continue to hold the common shares of Hardwoods in the normal course of Futura's investment activities, subject to applicable securities laws.
About Futura
The Futura Corporation is a Vancouver, British Columbia based private asset management and investment company. Futura has interests in numerous private and public companies, and specializes in the building materials sector.
1 Amar Doman, principal of Futura, owns certain of these units directly. There was no change in the aggregate number of shares owned as a result of the conversion.
Contact Information:
Amar S. Doman
President and CEO
(604) 608-6600
PO Box 10017, Pacific Centre
Vancouver, BC V7Y 1A1