Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Asia, China and Canadian Stocks
»
SSA.V - Spectra Inc.(Auto Parts)
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by chiliandrillman: [QB] Spectra Inc. Reports Redemption of Preferred Shares For Immediate Release – April 11, 2019 Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports redemption of 100 Preferred Shares on March 31, 2019 Due to the strong results in 2018 and solid cash position at the end of the first quarter of 2019, the Corporation was able to redeem 100 Preferred Shares for $100,000 on March 31, 2019. This was three months ahead of the required redemption date of June 30, 2019. With the 400 shares redeemed previously in 2017 and 2018 for $400,000, we will have now redeemed $500,000 of the original balance of $750,000, leaving a remaining 250 shares with a value of $250,000 still outstanding. 125 of these shares are due for redemption on December 31, 2019 and the final balance of 125 shares is due for redemption on June 30, 2020. Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Spectra Products Inc. distributes Zafety Lug LockÒ, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs. Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release. On behalf of the Board of Directors, Glen Campbell, Chairman, Spectra Inc. Investor Relations: 1-800-308-5255 E-Mail: info@spectrainc.ca Website: [URL=http://www.spectrainc.ca]www.spectrainc.ca[/URL] ____________________________________________________ [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2