Paragon Pharmacies Limited
TSX VENTURE : PGN

Paragon Pharmacies Limited

September 15, 2008 20:22 ET

Paragon Announces Extension to Equity Conversion

KELOWNA, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2008) - Paragon Pharmacies Limited ("Paragon") (TSX VENTURE:PGN) today announced that an extension to October 3, 2008 has been reached with Canterbury Park Capital LP and Canterbury Park Capital (US) LP to close the previously announced equity conversion.

Paragon is headquartered in Kelowna, British Columbia and currently employs over 500 full and part time staff in its stores and offices. The Corporation owns and operates 17.5 retail pharmacies, 3 central fill locations and 2 home healthcare stores in British Columbia, Alberta and Manitoba.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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