CERRITOS, CA, April 6, 2012 /CNW/ - Omni-Lite Industries Canada Inc. announced that it has granted 170,000 incentive stock options 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 December 8, 2011. The options were granted at the exercise price of $1.41 per share which was the current market price on this date. 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:
|Michael Walker||VP of R&D||25,000|
|David F. Grant||CEO||50,000|
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 50 companies including Boeing, Airbus, Alcoa, Chrysler, the U.S. Military, Bosch, John Deer, Caterpillar, 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.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.
For further information:
Mr. Tim Wang, CFO
Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email: [email protected]