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Asian Company to Evalute ENPAR's Novel Water Treatment System ENPAR Receives $80,000 of Outstanding Private Placement Grant of Stock Options
(via Thenewswire.ca) January 15, 2014, Guelph, Ontario . Dr. Gene Shelp, President and CE...
About this update from Current Water Technologies Inc
[{"type":"text","content":"Asian Company to Evalute ENPAR's Novel Water Treatment System ENPAR Receives $80,000 of Outstanding Private Placement Grant of Stock Options(via Thenewswire.ca)\n\n \nJanuary 15, 2014, Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (\"ENPAR\" or \"the Company\"), is pleased to announce that a division of a major Asian corporation (\"the Client\") has purchased a small-scale ENPAR water treatment system. The Client will assess the technology to determine its applicability towards waste water recycle and reuse within the pulp and paper industry.\n\n\n \nLarge amounts of water are consumed through processing by the pulp and paper industry. Approximately 85% of the water used in the P&P industry is used as process water, resulting in relatively large quantities of contaminated water and necessitating the use of onsite wastewater treatment solutions. Due to increased attention given to water conservation, strict regulatory constraints are being put in place around the world, making reuse and recycling of these wastewaters more prevalent. \n\n\n \nPrivate Placement Update: To date, the Company has received $80,000 of the $100,000 non-brokered private placement previously announced on December 16, 2013. The Company anticipates closing the private placement prior to the end of January, 2014. The proceeds of this Placement will be used for marketing and for general working capital. \n\n\n \nGrant of Stock Options: The Company announces that it has granted 3,975,000 incentive stock options to 2 directors, 4 employees and 1 consultant. The options are exercisable at a price of $0.10 for periods ranging from 2 to 5 years from the date of grant. The grants are subject to acceptance by the TSX Venture Exchange. \n\n\n \nThe Company currently has an outstanding capital of 86,041,252 common shares with 17,147,214 common shares reserved for issuance on the exercise of outstanding stock options.\n\n \n \nENPAR is a \"Technology Company\" applying its patented and proprietary \"Electrochemical Technologies\" to the treatment of waste water and drinking water contaminated by metals or nutrients i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol \"ENP\". \n...