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BRIEF-Canwel Building Materials announces $35 mln bought deal equity financing

March 28 Canwel Building Materials Group Ltd :

* Canwel Building Materials Group Ltd announces $35 million bought deal equity financing

* Canwel Building Materials- net proceeds of offering are expected to be used to initially reduce indebtedness under co's existing revolving credit facility

* Canwel Building Materials Group Ltd - evaluating additional acquisitions of U.S. and Canadian pressure-treated wood operations

* Canwel Building Materials - as per financing, underwriters have agreed to purchase on a bought deal basis 5.7 million shares of co, at $6.10/share Source text for Eikon: Further company coverage:

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