🚀 go-pugleaf

By now you may have heard that Canfor Corp. has withdrawn its offer to buy
Slocan Forest Products Ltd., having failed to obtain the required minimum
number of Slocan shares by midnight of February 6, 1995.

In light of this, I would like to extend my appreciation to Slocan's
shareholders and to the employees and members of our surrounding
communities for your strong support throughout the period of Canfor's
offer. I especially appreciate the responses I have received via the
Internet. This was a rather new initiative for me, and I'm pleased with
the results. Let's keep it up.

I have read Canfor Chairman Peter Bentley's prepared statement and respect
him for his beliefs. However I am confident that Slocan is and will
continue to be globally competitive, and will continue to be an excellent
investment for our shareholders. We intend to remain as a strong and
positive contributor to the well-being of our employees and contractors,
as well as to the social fabric of the communities in which we operate
across the province of British Columbia.

We have worked cooperatively and constructively with Canfor in the past,
as we do with other companies. We look forward to having a good
relationship with them in the future. Constructive cooperation at the
local level can help us all to be globally competitive companies.

Now our immediate focus is to continue to deliver the best possible
operating performance and financial results for our shareholders. We
intend to justify the faith they have shown in permitting our company to
proceed with its business plan.

Once again, thank you for your support and kind words.


Ike Barber

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Ike Barber                          /|\  ^
Chairman, President & CEO           /|\ /|\
Slocan Forest Products Ltd.         /|\ /|\
Phone: 604-278-7311                  |   |