Canfor holders convert all C$155 million 6.25% debentures prior to redemption

Pittsburgh, Nov. 15 - Canfor Corp. said the holders of all C$155 million of its outstanding 6.25% convertible subordinated redeemable debentures due November 2005 elected to convert their debentures to common shares prior to redemption.

Holders could convert their debentures by the close on Nov. 12 at a conversion price of C$13.20 per share, or 75.76 shares for each $1,000 principal amount of debentures. Canfor issued 11.74 million shares.

The redemption date was Nov. 15.

Canfor is a Vancouver, B.C., forest products company.

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