Omni-Lite Industries Announces Kernaghan to Conduct Normal Course Issuer Bid
August 22 2017 - 7:30AM
Omni-Lite Industries Canada Inc. ("Omni-Lite" or the "Company")
(TSXV:OML) (OTCQX:OLNCF) announces that effective August 22, 2017,
Kernaghan and Partners Ltd. will be conducting, on the Company’s
behalf, the Normal Course Issuer Bid as approved by the TSX Venture
Exchange (“TSXV”) on May 31, 2017. This bid will be conducted in
accordance with the rules of the TSXV. The consideration paid for
any such Common Shares purchased will be the open market price at
the time of acquisition. The Company will make no purchases of
Common Shares other than open market purchases or such other means
as approved by the TSXV.
The actual number of Common Shares of the
Company that are purchased for cancellation under the Bid, if any,
and the timing of such purchases will be determined by management
as approved by the Board of Directors of the Company.
To the knowledge of the Company, no director,
senior officer or other insider of Omni-Lite currently intends to
sell any Common Shares into this Bid. In the case a director,
senior officer, or insider does sell any common shares into the
Bid, the benefits to any such person would be the same as the
benefits available to all other holders whose shares are
purchased.
Omni-Lite Industries Canada Inc. is a rapidly
growing high technology company that develops and manufactures
mission critical, precision components utilized by Fortune 500
companies including Boeing, Airbus, Bombardier, Embraer, Alcoa,
Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
Except for historical information contained
herein this document contains forward-looking statements. These
statements contain known and unknown risks and uncertainties that
may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein.
For further information, please contact:
Mr. David Grant Founder, Chairman, and CEO Tel. No. (714)
757-8863 or (800) 577-6664 Fax. No. (562) 926-6913, email:
d.grant@omni-lite.com
Website: www.omni-lite.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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