Home / Knowledge / News / Apparel/Garments / Pacific Safety issues shares in satisfaction of Board fees
Pacific Safety issues shares in satisfaction of Board fees
26
Jun '14
Pacific Safety Products Inc., announced that it intends to issue to Mr. Fraser Campbell and Mr. Ken Hight an aggregate of 111,110 common shares in satisfaction of an aggregate of $20,000 of accrued director's fees for the period from October 1, 2013 to June 30, 2014 at a price of $0.18 per share.
 
Messrs. Campbell and Hight are each directors of PSP. The Company determined to satisfy the indebtedness through the issuance of shares in order to preserve a total of $20,000 in cash to be used for operations and working capital purposes.
 
The share issuance is conditional upon acceptance by the TSX Venture Exchange, and the common shares will be subject to a four month hold period from the date of issuance.
 
About PSP: 
The mission statement of Pacific Safety Products Inc. is "We bring everyday heroes home safely". PSP is an established industry leader in the production, distribution and sale of high-performance and high-quality safety products for the defence and security market. These products include body armour to protect against ballistic, stab and fragmentation threats, ballistic blankets to reduce blast effects, tactical clothing, and protective products against chemical and biological hazards.
 
PSP is the largest body armour manufacturer in Canada, directly supplying the Canadian Department of National Defence, Federal Government Agencies and major Canadian law enforcement organizations. The Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body armour products under the GH Armor Systems brand to U.S. based law enforcement and private security firms. 
 

Pacific Safety Products

Must ReadView All

Union MSME minister Kalraj Mishra

Textiles | On 1st Oct 2016

MSME policy announcement likely in October

The MSME policy is likely to be launched in October, according to...

Textiles | On 1st Oct 2016

GST Council approves rules on payments & returns

The second meeting of the GST Council, headed by Union finance...

Bangladesh’s WTO ambassador Shameem Ahsan (right) submitting his country’s TFA instrument of acceptance to WTO director-general Roberto Azevêdo. Courtesy: WTO

Textiles | On 1st Oct 2016

Bangladesh ratifies WTO’s Trade Facilitation Agreement

Bangladesh has ratified the Trade Facilitation Agreement (TFA),...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

Amit Jain
Shingora Textiles Ltd

Kamlesh Vaghela
RK Textiles

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search