CERRITOS, CA, Feb. 11, 2016 /CNW/ - Omni-Lite Industries Canada
Inc. (the "Company") (TSXV:OML) (OTCBB:OLNCF) is pleased to
announce that it has received TSX Venture Exchange ("TSXV")
approval for an amendment to the Normal Course Issuer Bid ("NCIB")
that began on May 26, 2015.
Pursuant to the amended NCIB, the Company will increase the maximum
number of shares that may be repurchased, for cancellation, from
590,000 shares to 736,900 shares. No other terms of the NCIB
have been amended.
During the period from May 26,
2015 to January 31, 2016, the
Company has repurchased and cancelled 527,900 shares at a weighted
average price of $1.56 per common
share.
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.
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.
SOURCE Omni-Lite Industries Canada Inc.