OMNI-LITE INDUSTRIES ANNOUNCES DEBT REPAYMENT FROM CALIFORNIA NANOTECHNOLOGIES
Omni-Lite Industries reports that California Nanotechnologies has fully repaid its outstanding debt of approximately US$600,000, including principal and interest. This repayment will increase Omni-Lite's cash position and result in a one-time gain of about US$200,000 in 'Other Income'. Additionally, the company has generated cash proceeds from selling approximately 230,000 shares of Cal Nano common stock in Q4 2024. The early debt retirement will help Omni-Lite build capital resources for growth initiatives.
Omni-Lite Industries riporta che California Nanotechnologies ha completamente rimborsato il suo debito residuo di circa 600.000 dollari USA, inclusi il capitale e gli interessi. Questo rimborso aumenterà la posizione di liquidità di Omni-Lite e causerà un guadagno una tantum di circa 200.000 dollari USA in 'Altri Redditi'. Inoltre, l'azienda ha generato incassi dalla vendita di circa 230.000 azioni di azioni ordinarie di Cal Nano nel quarto trimestre del 2024. Anticipare il rimborso del debito aiuterà Omni-Lite a costruire risorse di capitale per iniziative di crescita.
Omni-Lite Industries informa que California Nanotechnologies ha reembolsado completamente su deuda pendiente de aproximadamente 600,000 dólares estadounidenses, incluyendo el principal y los intereses. Este reembolso aumentará la posición de liquidez de Omni-Lite y resultará en una ganancia única de aproximadamente 200,000 dólares estadounidenses en 'Otros Ingresos'. Además, la empresa ha generado ingresos en efectivo de la venta de aproximadamente 230,000 acciones de acciones ordinarias de Cal Nano en el cuarto trimestre de 2024. La amortización anticipada de la deuda ayudará a Omni-Lite a construir recursos de capital para iniciativas de crecimiento.
Omni-Lite Industries는 California Nanotechnologies가 약 600,000달러의 미납 부채를 원금과 이자를 포함하여 전액 상환했다고 보고했습니다. 이 상환은 Omni-Lite의 현금 자산을 증가시키고 약 200,000달러의 일회성 이익을 '기타 수익'으로 만듭니다. 게다가, 이 회사는 2024년 4분기에 Cal Nano의 보통주 230,000주를 판매하여 현금을 확보했습니다. 조기 부채 상환은 Omni-Lite가 성장 이니셔티브를 위한 자본 자원을 구축하는 데 도움이 될 것입니다.
Omni-Lite Industries rapporte que California Nanotechnologies a entièrement remboursé sa dette d'environ 600 000 dollars américains, y compris le principal et les intérêts. Ce remboursement augmentera la position de trésorerie d'Omni-Lite et entraînera un gain unique d'environ 200 000 dollars américains dans 'Autres Revenus'. De plus, la société a généré des recettes en espèces en vendant environ 230 000 actions d'actions ordinaires de Cal Nano au quatrième trimestre 2024. Le remboursement anticipé de la dette aidera Omni-Lite à constituer des ressources en capital pour des initiatives de croissance.
Omni-Lite Industries berichtet, dass California Nanotechnologies ihre ausstehende Schulden von etwa 600.000 US-Dollar, einschließlich Kapital und Zinsen, vollständig zurückgezahlt hat. Diese Rückzahlung wird die Liquiditätslage von Omni-Lite verbessern und zu einem einmaligen Gewinn von etwa 200.000 US-Dollar in 'Sonstigen Erträgen' führen. Zusätzlich hat das Unternehmen im vierten Quartal 2024 Bargensterlöse aus dem Verkauf von etwa 230.000 Aktien von Cal Nano Stammaktien generiert. Die vorzeitige Schuldenrückzahlung wird Omni-Lite helfen, Kapitalressourcen für Wachstumsinitiativen aufzubauen.
- Full debt recovery of US$600,000 from California Nanotechnologies
- One-time gain of US$200,000 to Other Income
- Additional cash proceeds from sale of 230,000 Cal Nano shares
- Strengthened cash position for growth initiatives
- Divestment of equity position in California Nanotechnologies through share sale
LOS ANGELES, CALIFORNIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" “Omni-Lite”; TSXV: OML) today is reporting that California Nanotechnologies Corp. (“Cal Nano”; TSXV: CNO) has fully paid off the outstanding debt owed to the Company aggregating approximately US
David Robbins, Omni-Lite’s CEO, stated “Having Cal Nano retire this loan obligation in advance of agreed payment terms is welcomed as well as we build out our capital resources to deploy to our own growth initiatives."
About Omni-Lite Industries Canada Inc.
Omni-Lite Industries Canada Inc. is an innovative company that develops and manufactures mission critical, precision components utilized by Fortune 100 companies in the aerospace and defense industries.
For further information, please contact:
Mr. David Robbins
Chief Executive Officer
Tel. No. (562) 404-8510 or (800) 577-6664
Email: d.robbins@omni-lite.com
Website: www.omni-lite.com
Forward Looking Statements
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FAQ
How much debt did California Nanotechnologies repay to Omni-Lite Industries (OLNCF)?
What is the one-time gain Omni-Lite Industries (OLNCF) will record from the debt repayment?
How many California Nanotechnologies shares did Omni-Lite Industries (OLNCF) sell in Q4 2024?
