The Futura Corporation Announces Acquisition in CanWel Building Materials Group Ltd.
VANCOUVER, British Columbia, Nov. 21, 2018 (GLOBE NEWSWIRE) — The Futura Corporation (“Futura”) announces that it acquired 5,100 common shares of CanWel Building Materials Group Ltd. (“CanWel”) (TSX:CWX).
Based on CanWel’s latest reporting, Futura, along with joint actors, now owns 13,185,705 common shares representing approximately 16.96% of the issued and outstanding common shares of CanWel. Futura acquired these common shares for investment purposes. Futura has acquired a total of 212,900 common shares in November, 2018, and may from time to time acquire additional securities of CanWel, dispose of some or all of the existing or additional securities, or continue to hold securities of CWX in the normal course of its investment activities.
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.
The Futura Corporation
Amar S. Doman
President and CEO
PO Box 10017, Pacific Centre
Vancouver, BC V7Y 1A1