Omni-Lite Issues Stock OptionsOmni-Lite Industries Canada Inc.
CERRITOS, CALIFORNIA, February 15, 2016 – Omni-Lite Industries Canada Inc. (the "Company") (TSXV: OML) would like to announce that it has granted 120,000 incentive stock options to the directors and officers of the Company. The options were granted pursuant to the Company's Stock Option plan, which received shareholder approval at the Annual General and Special Meeting held on January 15, 2016. The options were granted at the exercise price of $1.48 per share which was the closing market price on February 12, 2016. The stock options will vest over a period of three years and will expire after a five year period and are subject to TSX Venture Exchange requirements.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures 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:
Tim Wang, CFO, Tel. No. (562) 404-8510 x108, or (800) 577-6664 (Canada and USA), Fax. No. (562) 926-6913, email: firstname.lastname@example.org
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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