PR firm hired; normal course issuer bid
Omni-Lite Industries Canada Inc
Friday Apr 24 1998
Mr David Grant reports
The company has entered into an agreement with LKB Capital Corp for the provision of investor relation services. This agreement was entered on February 25 1998. LKB Capital's remuneration will be $3,000 per month and a grant of 10,000 stock options. The term of the agreement is two months with an option to extend the contract for an additional 12 months by mutual agreement.
The ASE has accepted the company's notice of intention to make a normal course issuer bid to purchase, on the open market through the facilities of the ASE, up to 360,000 common shares. This represents approximately 3.4% of the 10,543,902 issued shares. Purchases pursuant to the bid will be conducted by Glenn Rui at Yorkton Securities and may begin on April 27 1998. The bid expires no later than February 28 1999.
For further information, please contact:
David F. Grant
President & CEO
Tel. No. (562) 404-8510
Fax. No. (562) 926-6913
E-Mail Address: email@example.com
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.