Repap's shares sold by Silverton International Fund
Repap Enterprises Inc RPP
Shares issued 743,327,707 Jan 26 close $0.07
Tue 26 Jan 99 News Release
Mr. Leon Metzger reports
Silverton International Fund Ltd. has sold 158,591,964 shares of Repap
Enterprises Inc. After giving effect to this transaction, Silverton will
not hold any securities of Repap. Paloma Partners LLC, which previously
announced its intention to act together with Silverton in seeking certain
changes in the management and board of directors of Repap, will hold
31,103,273 shares of Repap.
Silverton and Paloma presently do not intend to acquire any more securities
of Repap, and Paloma may, from time to time, dispose of any and all
securities of Repap.
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