QUEBEC CITY, May 14 /CNW Telbec/ - Novik (NVK) has been advised that
Gestion Michel Gaudreau Inc., one of its principal shareholders, has sold an
aggregate of 1,000,000 common shares of Novik at a price of $0.37 per share.
The common shares were sold through the facilities of the TSX Venture Exchange
Inc. Novik did not realize any proceeds from this transaction.
There are currently 45,799,429 common shares of Novik issued and
outstanding. Following the transaction and to the knowledge of Novik, Gestion
Michel Gaudreau Inc. holds 18,450,000 common shares which represent 40.28% of
Novik's issued and outstanding common shares.
Novik (NVK) is a leader in the design, manufacturer and distribution of
innovative polymer exterior siding and roofing coverings that replace
traditional materials such as stone, brick or wood shingles. These products
target the world-wide residential and commercial construction industry.
Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties or other factors that may cause actual
results, performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements.
For further information: Michel Gaudreau, President, (418) 878-6161,
firstname.lastname@example.org; Pascal Bouthot, Vice-President, Finances, (418) 878-6161,
email@example.com; Source: Novik inc.