VANCOUVER, March 20 /CNW/ - Jim Pattison announced today that through a
wholly-owned subsidiary of Great Pacific Capital Corp. it has entered into
agreements to acquire an additional 1,500,000 common shares of Sun-Rype
Products Ltd. ("Sun-Rype"). These shares, which represent 13.85% of the
outstanding shares of Sun-Rype, are being acquired through private purchases.
Following the purchase, Great Pacific Capital Corp. owns, directly and
indirectly, an aggregate of 5,257,500 Common shares of Sun-Rype, representing
48.56% of the outstanding shares.
The shares of Sun-Rype to be purchased will be held for investment
purposes. In the future, Great Pacific Capital Corp. (and/or its affiliates)
may acquire additional shares of Sun-Rype or dispose of such shares subject to
a number of factors, including general market and economic conditions and
other investment and business opportunities available to it.
For further information:
For further information: Nick Desmarais, (604) 688-6764