RAYMOR INDUSTRIES INC.
TSX VENTURE : RAR

RAYMOR INDUSTRIES INC.

June 24, 2005 18:00 ET

Raymor Industries Inc.: Approval Received for Old Option Repricing from December 2004 Annual Meeting

MONTREAL, QUEBEC--(CCNMatthews - June 24, 2005) - Raymor Industries Inc. (TSX VENTURE:RAR) announces that it has received the approval of the regulatory authorities having jurisdiction over its securities for the repricing downward of 2,158,314 options (issued before December 17, 2004) and establishing the exercise price of such options at $0.15. The repricing of these options was approved by the disinterested shareholders of Raymor at its annual and special meeting held on December 17, 2004. The closing stock price on December 16, 2004 was $0.175.

Of these options, 1,154,849 are held by four directors of Raymor. Before the repricing of such options, the exercise price ranged from $0.30 to $0.64. Some of these options already expired and the last ones will expire in December 2008.

RAYMOR INDUSTRIES INC. (TSX-V:RAR) has as its mission to become the leading Canadian developer of high technology and a producer/recycler of advanced materials and nanomaterials for high value-added applications. In November 2004, Raymor Industries created a wholly-owned, industrial subsidiary, AP&C Advanced Powders and Coatings, specializing in nanotechnology and advanced materials, and comprising four operational divisions: (1) nanotechnology products, including nano-powders, nano-coatings, and single-walled carbon nanotubes (C-SWNT) for "the applications of tomorrow"; (2) metal and ceramic coatings, which largely targets aerospace, military, and mining applications; (3) spherical metallic powders, primarily used for biomedical and aerospace applications; and (4) net-shape forming, a component manufacturing technique used for ballistic protection and other aerospace and military applications. Raymor holds the exclusive rights to more than 20 patents throughout the world, with other patents pending.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephane Robert, President.

FOR MORE INFORMATION ON RAYMOR INDUSTRIES, PLEASE VISIT: www.raymor.com

FOR MORE INFORMATION ON NANOTECHNOLOGY AND ITS POTENTIAL, PLEASE VISIT: www.nanoquebec.ca

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release

Contact Information

  • Raymor Industries Inc.
    Raymond Fournel
    Investor Relations
    (514) 932-3485
    (514) 932-3644 (FAX)
    investor@raymor.com