Draxis, Stef International Corp. deal

STEF acquired DRAXF's consumer marketing affiliate, IHS LLC (Indianapolis, Ind.), for C$2.25 million (US$1.6 million) in STEF stock. DRAXF and other IHS members will receive a total of 3 million shares valued at C$1.35 million and C$900,000 in convertible debt, convertible into STEF shares at C$0.75 per share. STEF distributes nutritional supplements and personal care products. ...