May 7 (Reuters) - Carmanah Technologies Corp CMH.TO :
* CARMANAH ANNOUNCES RECEIPT OF NON-BINDING PROPOSAL TO PURCHASE OUTSTANDING SHARES
* CARMANAH TECHNOLOGIES CORP - PROPOSED DEAL FOR $7.35 PER SHARE, PAYABLE IN CASH
* CARMANAH - RECEIVED PROPOSAL FROM JAMES MEEKISON AND TERRY HOLLAND TO PURCHASE ALL SHARES OF CARMANAH NOT ALREADY OWNED OR CONTROLLED BY THEM
* CARMANAH TECHNOLOGIES CORP - ESTABLISHED A SPECIAL COMMITTEE OF ITS BOARD OF DIRECTORS
* CARMANAH TECHNOLOGIES CORP - SPECIAL COMMITTEE HAS RETAINED CAPITAL WEST PARTNERS AS ITS FINANCIAL ADVISOR.