VANCOUVER—Ainsworth Lumber Co. Ltd. is exploring strategic alternatives to strengthen its balance sheet and enhance its liquidity, chief executive Brian Ainsworth said yesterday after shares in the company gained more than 40 percent.
In response to a request from the Toronto Stock Exchange, the company said it was too early to say what the impact of any strategic alternative would be on shareholders.
Ainsworth shares closed up $1.24, or 46 percent, at $3.94 on the Toronto Stock Exchange.