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Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s):  OLNCF

Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.


TSXV:OML - Post by User

Post by TheRock07on May 25, 2016 12:26pm
63 Views
Post# 24903275

Share buyback begins tommorow

Share buyback begins tommorow
Omni-Lite Industries Canada Inc
Symbol C : OML
Shares Issued 11,126,507
Close 2016-05-18 C$ 1.30
Recent Sedar Documents

 

Omni-Lite to buy back up to 790,000 shares

 

2016-05-19 09:08 ET - News Release

 

Mr. David Grant reports

OMNI-LITE INDUSTRIES ANNOUNCES NORMAL COURSE ISSUER BID

Omni-Lite Industries Canada Inc. has submitted to the TSX Venture Exchange its notice of intention to make a normal course issuer bid. Pursuant to the bid, the company may purchase for cancellation up to 790,000 common shares of the company, which is equal to approximately 7 per cent of the 11,081,507 issued and outstanding shares.

The purchases will be made by the company through Cormark Securities Inc., in accordance with the rules of the TSX-V. The consideration paid for any such common shares 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 other such means approved by the TSX-V.

The actual number of common shares of the company that is 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.

To date, the company has repurchased and intends to cancel a total of 736,900 common shares pursuant to the previous normal course issuer bid which ends May 25, 2016.

Purchases may begin on May 26, 2016, and the bid expires on May 25, 2017.


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