OMNI-LITE INDUSTRIES ANNOUNCES DEBT REPAYMENT FROM CALIFORNIA NANOTECHNOLOGIES
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Omni-Lite Industries Canada Inc. announced that California Nanotechnologies Corp. has fully repaid its debt of approximately US$600,000, resulting in a cash increase and a one-time gain of US$200,000 for Omni-Lite. Additionally, Omni-Lite sold 230,000 shares of Cal Nano, further boosting its cash position.
November 18, 2024 | 9:15 pm
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Omni-Lite Industries received full debt repayment from California Nanotechnologies, increasing its cash position and realizing a one-time gain of US$200,000. The sale of Cal Nano shares further boosts cash.
The full repayment of debt by Cal Nano improves Omni-Lite's cash flow and financial position, which is positive for the company's short-term financial health. The additional gain from the share sale further strengthens its cash reserves.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80