Kernwood Limited announces acquisition of 40,000 Common Shares of PFB Corporation

TORONTO, Oct. 4, 2016 /CNW/ - In accordance with regulatory requirements, Kernwood Limited announced that on October 3, 2016 it acquired ownership of 40,000 common shares of PFB Corporation ("Shares") through the facilities of the Toronto Stock Exchange, representing approximately 0.60% of the outstanding Shares, among which 4,800 Shares were purchased at a price of $8.61, 10,000 Shares at a price of $8.60, and 25,200 Shares at a price of $8.62.  Kernwood Limited now holds 1,116,700 Shares of PFB Corporation, or approximately 16.63% of the total outstanding Shares.

The Shares of PFB Corporation were acquired by Kernwood Limited for investment purposes only. Kernwood Limited may from time to time in the future increase or decrease its ownership, control or direction over the shares or other securities of PFB Corporation.

SOURCE Kernwood Limited

Edward H. Kernaghan, Kernwood Limited, 79 Wellington St. West, Suite 605, P.O. Box 346, Toronto, Ontario M5K 1K7, 416-502-2074