MONTREAL, Feb. 24 /CNW/ - ConjuChem Inc. (TSX: CJC) today announced today
that it has entered into an agreement with 1211417 Alberta Inc, an investor
group led by Sheldon Reid, a co-founder of Capitol Energy Resources Ltd
("Investor Group") to recapitalize and reorganize the Company's business,
providing ConjuChem with a non-dilutive capital injection of $6.4 million.
