Omni-Lite Canada (TSE:OML) has released an update.
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Omni-Lite Industries Canada Inc. has announced that California Nanotechnologies has fully repaid its outstanding debt of approximately US$600,000, boosting Omni-Lite’s cash reserves and contributing to a one-time gain of around US$200,000. Additionally, the sale of about 230,000 Cal Nano shares will further increase Omni-Lite’s cash position in the fourth quarter of 2024.
For further insights into TSE:OML stock, check out TipRanks’ Stock Analysis page.