Sulja Bros. Building Supplies, Ltd (SLJB)

[panduit]

OSC sets hearing date in stock price probe

Windsor Star


Thursday, November 01, 2007


TORONTO - The Ontario Securities Commission (OSC) adjourned the case Wednesday against two local companies to a Jan. 22 hearing.

Allegations of manipulating stock prices, issuing false and misleading press releases, and selling stock without issuing a prospectus were first made last December against Harrow-based Sulja Bros. Building Supplies Ltd., a Nevada-incorporated company with the same name and its former CEO Petar Vucicevich, a Colchester village resident.

A trading halt on the company's stock has been imposed in Ontario and Alberta pending resolution of the charges.

Also charged is another company of Vucicevich's called Kore International Management, and a San Antonio, Tex., resident, Andrew DeVries.

The stock still trades in low volumes in the U.S. over-the-counter market with a recent price of around two-tenths of a cent per share.

© The Windsor Star 2007