(TSX: WFT)
VANCOUVER, Feb. 15 /CNW/ - Two of the Company's principal shareholders, Ketcham Investments, Inc. and Tysa Investments, Inc., have today filed notices with Canadian securities regulators confirming their intention to sell up to a total of 2,000,000 Common shares of the Company. The notices, which are required to be filed whenever a "control person" intends to sell shares, indicate that sales will be conducted through the Toronto Stock Exchange. Each of Ketcham and Tysa is owned by members of the Ketcham family.
The Company has been advised that the intended sales are being considered for investment diversification, estate planning and tax reasons. Despite these indications of an intention to sell shares of the Company, there is no requirement on any of the named shareholders to complete any sales.
West Fraser is an integrated forest products company that produces lumber, wood chips, LVL, MDF, plywood, pulp, linerboard, kraft paper and newsprint. The Company has manufacturing operations in British Columbia, Alberta and the southern United States. West Fraser has approximately 6,900 employees and is headquartered in Vancouver, British Columbia.