René Composites Materials Ltd. honours its proposal to creditors
SAINT-ÉPHREM-DE-BEAUCE, QC, Jan. 21 /CNW Telbec/ - Sigma Industries Inc.
("Sigma" or the "Company") (TSX Venture Exchange: SSG), is pleased to announce that, on January
20, 2011, René Composites Materials Ltd. paid the trustee the amount
needed to enable payment of the second and final dividend stipulated in
its proposal to creditors, dated August 3, 2010, and, accordingly, was
issued the resulting Certificate of Full Performance by Ernst & Young
Inc., trustee; René Composites Materials Ltd., like Sigma and Transcam
Composites Inc. before it, has now fully implemented its obligations
pursuant to the terms of its proposal to creditors.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX-V: SSG), a leading composite and metal
products manufacturer, has five operating subsidiaries and employs 350
people. The Company is active in the growing heavy-duty truck, coach,
transit and bus, train and subway, machinery, agriculture, light
forestry, and wind energy market segments. Sigma sells its products to
original equipment manufacturers and distributors in the United States,
Canada and Europe.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE SIGMA INDUSTRIES INC.
For further information:
Sigma Industries Inc.
President and Chief Executive Officer
Telephone: (418) 484-5282