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Goldray: close of lock-up period

Canadian architectural glass products manufacturer Goldray announced 17 September 2003 that the 10 day lock-up time frame for a potential purchaser of the company to complete its due diligence has exp…

Canadian architectural glass products manufacturer Goldray announced 17 September 2003 that the 10 day lock-up time frame for a potential purchaser of the company to complete its due diligence has expired. The details of this lock-up were released on 20 August 2003. Goldray is still pursuing strategic alternatives including the sale of all or some of the assets, merger and/or business combination of the company. Goldray has also laid off about 20% of its staff in order to manage costs within reduced revenue forecasts.

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