Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

SSA.V - Spectra Inc.

Discussion in 'Canadian Stocks Message Boards' started by TheDude, Nov 2, 2017.

  1. TheDude

    TheDude Active Member

    Joined:
    Apr 5, 2016
    Messages:
    651
    Likes Received:
    138
    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: [email protected] Website: www.spectrainc.ca ____________________________________________________
     
  2. TheDude

    TheDude Active Member

    Joined:
    Apr 5, 2016
    Messages:
    651
    Likes Received:
    138
    Spectra Inc. Reports Fourth Quarter 2018 Results

    For Immediate Release – April 26, 2019

    Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the 12 months ended December 31, 2018.

    Revenues for the twelve month period ending December 31, 2018 were $2,045,806 compared to $1,780,609 for the same period in 2017.

    Revenues for the fourth quarter ending December 31, 2018 were $444,429 compared to $448,017 for the same period in 2017.

    Net income was $495,372 during the twelve-month period ended December 31, 2018, compared to $222,810 for the same period in 2017. 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: [email protected]
    Website: www.spectrainc.ca
     
  3. TheDude

    TheDude Active Member

    Joined:
    Apr 5, 2016
    Messages:
    651
    Likes Received:
    138
  4. TheDude

    TheDude Active Member

    Joined:
    Apr 5, 2016
    Messages:
    651
    Likes Received:
    138
    Spectra Inc. Reports First Quarter 2019 Results

    For Immediate Release – May 6, 2019

    Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
    financial results for the first 3 months of 2019. Revenues for the period ending March
    31, 2019 were $495,507 compared to $572,009 for the same period in 2018.

    The first quarter ending March 31, 2019 showed a net profit of $106,287 compared to net
    profit for the three-month period in 2018 of $149,776.

    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: [email protected]
    Website: www.spectrainc.ca
     
  5. TheDude

    TheDude Active Member

    Joined:
    Apr 5, 2016
    Messages:
    651
    Likes Received:
    138
    Spectra Inc Chart 2006-2019 Sales/Profit/Assets/Liabilities

    [​IMG]
    [​IMG]
     
  6. TheDude

    TheDude Active Member

    Joined:
    Apr 5, 2016
    Messages:
    651
    Likes Received:
    138
    Spectra Inc. Announces Private Placement

    For Immediate Release – May 22, 2019

    Toronto, Ontario – Spectra Inc. (SSA: TSXV) intends to complete a non-brokered private
    placement of up to 16,500,000 units at a price of five cents ($0.05) per unit for gross
    proceeds of up to $825,000 (the “Offering”)

    Each unit consists of one common share (“Common Share”) in the capital of the Spectra
    Inc. (the “Corporation”) and one-half of a Common Share purchase warrant (each a
    “Warrant”). Each whole Warrant will entitle the holder thereof upon payment of $0.075
    to acquire one Common Share at any time prior to 5.00 p.m. (Calgary time) eighteen (18)
    months following the date the Warrants are issued (“Expiry Time”). If, at any time after
    the Warrants are issued the closing price of the Common Shares on the TSXV for any
    fifteen (15) consecutive trading days equals or exceeds $0.12, the Corporation will have
    the option to, upon issuing a news release, accelerate the Expiry Time of the Warrants to
    5.00 p.m. (Calgary time) on the date that is thirty (30) days following the date of such
    news release (the “Accelerated Expiry Time”). Any Warrant not exercised prior to the
    Expiry Time or the Accelerated Expiry Time, as applicable, shall be deemed to be void or
    of no further force and effect.

    The Corporation intends to use the net proceeds of the offering to payout the royalty
    debenture of Spectra Products Inc. in the amount of $652,065 due August 6, 2019 and for
    general corporate purposes.

    Finders' fees of up to 7% of the gross proceeds raised by any finders may be payable in
    either cash or Common Shares or a combination of both.

    Closing of the Offering is subject to receipt of applicable regulatory approvals including
    the approval of the TSXV. The securities issued will be subject to a standard four month
    hold period.

    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 Corporation’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.

    On behalf of the Board of Directors,
    Andrew Malion, President, Spectra Inc.
    Investor Relations: 1-800-308-5255
    E-Mail: [email protected]
    Website: www.spectrainc.ca
     

Share This Page