TSX Symbol: ORI
WOODBRIDGE, ON, Dec. 20 /CNW/ - Organic Resource Management Inc. (ORMI)
today announced that as per the notice of intention recently filed on SEDAR,
Organic Resource Technologies Inc. (ORTI) and Organic Resource Technologies
International Inc. (OII) may begin today to sell up to a total of
86,185 common shares of ORMI.
ORTI and OII are both owned 1/3 by Charles Buehler, the Company's
Chairman & CEO and 1/3 by Douglas Carruthers, the Company's VP Corporate
Development, and are selling the shares to pay tax liabilities. 60,037 of the
common shares being sold are owned by ORTI and 26,148 are owned by OII.
In addition to the above, Mr. Buehler owns 1,388,120 common shares of the
company directly, and controls corporations which own 140,854 common shares of
the company. Mr. Buehler's family members own 434,091 common shares of the
The shares will be sold through the facilities of the Toronto Stock
Exchange on or after Dec. 20, 2007. All the above sales will be made in
accordance with the orderly marketing requirements as set out in sections 630
to 633 of the TSX company manual.
This press release is available on the Company's official on-line
investor relations site for investor commentary, feedback and questions.
Investors are asked to visit the investor relations section of the Company's
website at http://www.ormi.com/ORMI_Investor.asp. Alternatively, investors are
asked to e-mail all questions and correspondence to email@example.com where they
can also request addition to the Organic Resource investor e-mail list to
receive all future press releases and updates directly.
About Organic Resource Management Inc.
Organic Resource is Canada's largest provider of vacuum truck services
for the collection, treatment and disposal of organic and other non-hazardous
liquid waste. ORMI services in excess of 8,000 commercial, industrial,
institutional and residential customers in Ontario, Quebec, and British
Columbia. Further information about ORMI may be obtained at the Company's web
site at www.ormi.com .
For further information:
For further information: Corporate Inquiries, Charles H. Buehler,
Chairman & Chief Executive Officer, firstname.lastname@example.org