[LeftCoaster]

Jim Pattison increases stake in lumber producer Canfor as company buys shares
By The Canadian Press

VANCOUVER, B.C. - Jim Pattison has increased his stake in lumber producer Canfor Corp. to roughly 31 per cent with the acquisition of 104,700 by Great Pacific Capital Corp.

Pattison said the acquisition brings the total holdings of Great Pacific to 17,761,550 shares of Canfor. Great Pacific together with Great Pacific Industries Inc. and 4123221 Canada Inc., two other companies owned by Pattison, hold 44.2 million shares of Canfor.

"The shares of Canfor have been purchased and are presently being held for investment purposes," Pattison said in a statement.

Canfor shares closed down three cents at $9.32 on the Toronto Stock Exchange on Monday.

http://www.canadianbusiness.com/mark...ent=b292723222