VANCOUVER, Aug. 31, 2012 /CNW/ - Jim Pattison announced today that Great Pacific Industries Inc. has acquired an additional 258,200 common shares of Sun-Rype Products Ltd. ("Sun-Rype"), representing 2.4% of the outstanding shares through purchases on recognized Canadian stock exchanges. Following the purchase, Great Pacific Industries Inc. owns, directly and indirectly, an aggregate of 5,660,700 Common shares of Sun-Rype, representing 52.46% of the outstanding shares.
The shares of Sun-Rype to be purchased will be held for investment purposes. In the future, Great Pacific Industries Inc. (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.
SOURCE: Great Pacific Industries Inc.
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