For Immediate Release – August 31, 2001
Toronto, Ontario – Spectra Inc. (SSA: CDNX) announces its plans to issue, subject to regulatory acceptance, 625,000 common shares at a deemed price of $0.12 per share to each of Andrew Malion and Michael Faye and 250,000 common shares at a deemed price of $0.12 per share to Terry Faye as payment for outstanding loans due from the Corporation.
Spectra Inc. is a vertically integrated supplier of innovative products and services to the Commercial Transportation Industry and the Professional Trucker. Spectra’s product line increases productivity, reduces maintenance costs and improves fleet safety and includes Brake Safe TM and SureStroke TM, visual brake stroke indicators, and the Termin-8R TM line of anti-corrosion and extreme pressure lubricants. Spectra is positioned with its future ISP portal, Truckinguniverse.com to be a leading supplier of information to the transportation industry on the Information Superhighway.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
