STE-MARIE DE BEAUCE, QC, June 21 /CNW Telbec/ - (Note: all amounts are in Canadian dollars) GBO INC. ("GBO" or the "Company"; TSX Venture Exchange: GBO) announced today that it has extended its previously announced substantial issuer bid to purchase for cancellation up to 15,000,000 of its issued and outstanding common shares at a price of $0.20 per share for an aggregate purchase price of up to $3 million (the "Offer"). The Offer is now open for acceptance until 5:00 p.m. (Montreal time) on Monday, July 5, 2010 unless withdrawn, further extended or varied by the Company.
A Notice of Extension with respect to this amendment will be sent to all GBO shareholders.
Founded in 1946, GBO Inc. is an important Canadian window and door manufacturer. The Company designs, develops, manufactures, markets and distributes a selection of high-end, energy-efficient wood window arrangements, doors and accessories sold primarily under the "Bonneville" and "Polar" brands. Recently, GBO launched a line of innovative fenestration products resistant to hurricanes and other impacts. The Company sells its windows and doors to the home improvement and construction markets in Quebec, Ontario, the Maritimes and the Eastern United States. GBO mainly serves independent building material distributors, distributors specializing in windows, doors and millwork, certain retailers, as well as construction and renovation contractors.
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 GBO INC.
For further information: For further information: Christopher Wood, Chairman of the Board of Directors and Chief Executive Officer, (418) 387-7723; Source: GBO Inc.