Great Pacific Capital Corp increases holdings in Canfor Corp.

VANCOUVER, Dec. 23 /CNW/ - Jim Pattison announced today that Great Pacific Capital Corp. ("Great Pacific"), a wholly-owned company, has acquired an additional 248,700 Common shares of Canfor Corporation ("Canfor"), representing approximately 0.17% of the outstanding shares, through purchases on recognized Canadian Stock Exchanges.  This brings the total holdings of Great Pacific to 24,418,050 Common shares of Canfor, representing approximately 17.12% of the outstanding shares.  Great Pacific together with Great Pacific Industries Inc. and 4123221 Canada Inc., two other companies owned by Jim Pattison, own in the aggregate 50,861,200 Common shares of Canfor, representing approximately 35.66% of the outstanding shares.

The shares of Canfor have been purchased and are presently being held for investment purposes.  In the future, Jim Pattison through one or more of his companies may acquire additional shares of Canfor or dispose of such shares subject to a number of factors, including general market and economic conditions and other investment and business opportunities available to it.

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