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SSA.V - Spectra Inc.

Posted by ProfitableStocksOnly at Apr 11, 2019 12:00 PM | Report Abuse
1 comment(s). Last comment by ProfitableStocksOnly at Apr 11, 2019 12:07 PM
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ProfitableStocksOnly
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Posted by ProfitableStocksOnly > Apr 11, 2019 12:07 PM | Report Abuse

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: www.spectrainc.ca
____________________________________________________

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