Omni-Lite issues stock options

CERRITOS, CA, June 15, 2015 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV: OML) would like to announce that it has granted 180,000 incentive stock options on June 12, 2015 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 October 17, 2014.  The options were granted at the exercise price of $1.35 per share which was the closing market price on June 12, 2015.  The stock options will 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

15,000

Christopher Melnyk

VP, Strategic Planning

15,000

Michael Walker

VP of Research and Development

15,000

Timothy Wang

CFO

15,000

Donald Kelly

Director

15,000

Norman Goodrich

Director

15,000

Charles Samkoff

Director

15,000

David F. Grant

CEO, Chairman, Director

75,000

 

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, Nike, and adidas.

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.

For further information: please contact: Mr. Mikel Damke, Executive Assistant to the CEO, Tel. No. (403) 660-7770 or (888) 660-7770, email: m.damke@omni-lite.com; Mr. Tim Wang, CFO, Tel. No. (562) 404-8510 or (800) 577-6664, Fax. No. (562) 926-6913, email: t.wang@omni-lite.com; Website: www.omni-lite.com

RELATED LINKS
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Omni-Lite Industries Canada Inc.

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