Omni-Lite Announces Normal Course Issuer Bid|
Omni-Lite Industries Canada Inc.
January 27, 2003
Omni-Lite is pleased to announce that the TSX Venture Exchange Inc. has accepted for filing the Company's Notice of Intention to make a Normal Course Issuer Bid. Under the Bid, the Company may repurchase for cancellation, up to 450,000 common shares in its own capital stock. This represents approximately 5% of the 9,234,269 issued and outstanding shares. The bid is made to invest corporate funds to the best advantage. The purchases are to be made through the facilities of the Exchange during the period February 1, 2003 to January 31, 2004. Purchases pursuant to the Bid will be conducted by Sprott Securities Inc. on behalf of the Company.
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