SJ Strategic Investments LLC Announces Acquisition of 1,100,000 Common Shares of Stellar International Inc.
05 June 2004 - 7:20AM
PR Newswire (US)
SJ Strategic Investments LLC Announces Acquisition of 1,100,000
Common Shares of Stellar International Inc. BRISTOL, Tenn., June 4
/PRNewswire/ -- SJ Strategic Investments LLC, a private family
owned investment vehicle, focusing on both private and public
pharmaceutical company investments, today announced that it has
acquired an additional 1,100,000 common shares of Stellar
International Inc. (OTC Bulletin Board: SLRXF; TSXV: SLX) through
private agreements, a portion of which was acquired from Peter
Riehl and Samuel Hahn pursuant to previously announced agreements
with SJ pursuant to which they have granted rights of first refusal
to SJ in respect of the sale of securities in Stellar owned by
them. SJ currently owns an aggregate of 5,188,794 Stellar common
shares (including the 1,100,000 recently acquired Stellar common
shares), or approximately 23.9% of the issued and outstanding
Stellar common shares, on a non-diluted basis. SJ does not direct
or control any other Stellar common shares. The Stellar common
shares were acquired by SJ for investment purposes only, and not
with the purpose of influencing control or direction over Stellar.
SJ may acquire further Stellar common shares, or dispose of its
holdings of Stellar common shares, as investment conditions
warrant. SJ has its head office at 340 Edgemont Avenue, Suite 500,
Bristol, Tennessee 37620, USA. A copy of the report required to be
filed under Canadian securities laws in connection with the
foregoing may be obtained from Jay Tebeau, Director of Public
Relations for SJ, at 423-989-7225. DATASOURCE: SJ Strategic
Investments LLC CONTACT: Jay Tebeau, Director of Public Relations
for SJ Strategic Investments LLC, +1-423-989-7225
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