TSX-V Symbol: OML
CALGARY, June 7 /CNW/ - OMNI-LITE INDUSTRIES CANADA INC. ("Omni-Lite" or
the "Corporation") is pleased to announce that an annual and special meeting
of the shareholders of the Corporation (the "Meeting") will be held at the
Angus-Northcote Room, Conference Centre, Third Floor, Bow Valley Square, No.2,
205 - 5th Avenue S.W., Calgary, Alberta T2P 2V7 on Friday, June 30, 2006 at
11:00 a.m. (Calgary time). The Corporation has mailed a management information
circular and proxy statement to its shareholders in connection with the
Meeting.
At the Meeting certain items requiring shareholder approval under
corporate law will be presented to the shareholders of the Corporation,
including a split of the common shares of the Corporation (the "Common
Shares") on a two (2) for one (1) basis (the "Stock Split"). There are
currently 10,614,228 Common Shares issued and outstanding. Following the Stock
Split there will be 21,228,456 Common Shares issued and outstanding. The
primary reason for the Stock Split is to enhance the liquidity of the Common
Shares. The Corporation's name, listing on the TSX Venture Exchange and
trading symbol will remain the same.
Completion of the Stock Split is subject to the approval of the
shareholders of the Corporation and the TSX Venture Exchange.
Other Information
This news release contains forward-looking statements which involve known
and unknown risks, delays and uncertainties not under the Corporation's
control which may cause actual results, performance or achievements of the
Corporation to be materially different from the results, performance or
expectations implied by these forward-looking statements.
The Exchange has in no way passed upon the merits of the proposed
Transaction and has neither approved nor disapproved of the contents of this
release.
