Business
Omni-Lite completes private placement
OML-TSX VENTURE CERRITOS, CA, June 25 /CNW/ - Omni-Lite is pleased to announce that it has comple...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, June 25 /CNW/ - Omni-Lite is pleased to announce that it\nhas completed a non-brokered private placement with gross proceeds of US\n$500,000. Consideration for this investment was for the issuance of\n200,000 Common Class A Shares of the Corporation. The subscription price was\n$2.50 US per share. These common shares will be subject to a four-month hold\nperiod, which expires on October 25, 2008. No commission was paid or\ncompensation granted for this private placement.\n\n\n"A portion of this investment in Omni-Lite was made by the President of\none of Omni-Lite's strategic corporate partners, and thus is regarded as a\nsignificant vote of confidence in the current performance and future potential\nof the Company," stated David F. Grant, Chairman and CEO.\n\n\nThis private placement is pending regulatory approval.\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 50 companies including Boeing,\nAirbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\n\nExcept for historical information contained herein this document contains\nforward-looking statements. These statements contain known and unknown risks\nand uncertainties that may cause the company's actual results or outcomes to\nbe materially different from those anticipated and discussed herein.\n\n\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\n\n\nINFORMATION CONTAINED HEREIN.\n\n\n","length":1579,"tagName":"div"}]