P.G. Schoch Increases AirBoss Ownership to 16.17%
NEWMARKET, Ontario--Nov. 2, 20059, 2005--AirBoss Of America Corp. (TSX:BOS)P. Gren Schoch ("Schoch") has acquired 470,000 common shares (the "Common Shares") of AirBoss of America Corp. (the "Company") through the facilities of the Toronto Stock Exchange.
After giving effect to the above transaction, Schoch will beneficially own 3,677,191 Common Shares, representing 16.17% of the issued and outstanding Common Shares. Of the total number of Common Shares beneficially owned by Schoch, 45,000 are held through PG Schoch & Associates Ltd., a corporation controlled by Schoch. In addition, Schoch also holds 700,000 options to purchase 700,000 Common Shares.
Schoch has acquired the above-noted shares of the Company for investment purposes and may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over the common shares or other securities of the Company, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
AirBoss Of America Corp. (TSX:BOS)