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NEWS RELEASE

OMNI-LITE ISSUES STOCK OPTIONS

 

 
 
 
 

TSXV: OML

OTCQX: OLNCF

LOS ANGELES, CALIFORNIA, JUNE 12, 2017 - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") would like to announce that it has granted 195,000 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 November 17, 2016. The options were granted at the exercise price of $1.85 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

25,000

Michael Walker

VP of R&D

25,000

David F. Grant

CEO

100,000

Roger Dent

Director

15,000

Charles Samkoff

Director

15,000

Patrick Hutchins

Director

15,000



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, 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

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

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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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