Pattison creeping takeover news releaseWell, here it is... best indicator yet that the creeping takeover is still underway... He got this release out just before the annual information circular is set to go out (usually late March / early April)... We will find out then, once that is published, whether he bought McElvaine's shares (which is what I suspect)
March 20, 2008
Vancouver, British Columbia
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.