Nov 15, 2005. /Lesprom Network/. EBITDA for the solid wood segment of negative $2.2 million, down from positive $2.2 million in the second quarter reflecting lower realised lumber prices and change in sale mix, a stronger Canadian dollar and the Silvertree severance of $7.2 million partially offset by the gain of $13.1 million from the termination of the Saw-log supply agreement with TimberWest. EBITDA for the pulp segment of negative $4.2 million compared to negative $0.7 million in the prior quarter as a result of lower pulp prices and a stronger Canadian dollar. Total liquidity at the end of the third quarter of $61.3 million was comprised of cash of $3.9 million, cash in a working capital reserve account of $48.5 million, and availability under our operating line of credit of $8.9 million. Reynold Hert, president and CEO commenting on the results noted, "As expected, market conditions have continued to be difficult with lower prices and a higher exchange rate in the third quarter. During these tougher market conditions we have improved our liquidity by being disciplined in our mill operations, following through on our inventory reductions, and selling non core assets. We continue to balance liquidity with making fundamental shifts in the base business performance. As announced, the Silvertree sawmill was closed with $7.2 million in severance being incurred, and the Saltair sawmill has been indefinitely curtailed. When the markets and our inventory levels are right, we will be implementing the third shifts at our remaining sawmills." Western is an integrated Canadian forest products company and the second largest coastal woodland operator in British Columbia. Principal activities conducted by Western and its subsidiaries include timber harvesting, reforestation, sawmilling logs into lumber and wood chips, value-added remanufacturing and producing NBSK pulp. Over 95% of Western's logging is conducted on government owned timberlands in British Columbia. All of Western's operations, employees and corporate facilities are located in the coastal region of British Columbia and its products are sold in over 25 countries worldwide.