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NEWS RELEASE

OMNI-LITE ISSUES STOCK OPTIONS

 

 

TSXV: OML

OTCQX: OLNCF

LOS ANGELES, CALIFORNIA, OCTOBER 26, 2016 - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") would like to announce that it has granted 60,000 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 $1.68 per share which was the closing price on today's date. The stock options will vest over three years, expire after a five year period and are subject to TSX Venture Exchange requirements.

 

The options were granted according to the table below:

Name

Position

Options Granted

Allen Maxin

President

5,000

Michael Walker

VP of R&D

5,000

David F. Grant

CEO

50,000

 

Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, John Deere, 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: 

 

Mr. David Grant  CEO and Interim CFO

Tel. No. (562) 404-8510 or (800) 577-6664
Fax. No. (562) 926-6913, Email: d.grant@omni-lite.com
 
Website:  www.omni-lite.com
 
 

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.

 
 
 

 

 

 

 

Proud to be a publicly traded company under the symbols OML in Canada (TSX-V) and OLNCF in the USA (OTCQX)

 
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