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Dundarave Resources Inc. obtains conditional approval from TSX Venture for Extrel Technology licence agreement
GUELPH, ON, Nov. 29 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR") is pleased to announce...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\nGUELPH, ON, Nov. 29 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP)\n("ENPAR") is pleased to announce that Dundarave Resources Inc. (TSX-V: DDX)\n("Dundarave") has demonstrated its commitment to completing the definitive\npatent and technology license agreement (the "Agreement") by obtaining the\nconditional approval for the transaction from the TSX Venture Exchange.\n\n\nThe TSX Venture Exchange has determined that the transaction is a\nFundamental Acquisition (as defined in TSX Venture Exchange Policy 5.3) and\nrequires that Dundarave obtain shareholder approval for the transaction, since\nthere is potential for a change of control.\n\n\nDundarave wil provide its shareholders with a disclosure document in\norder to obtain their written consent for approval of the transaction. The TSX\nVenture Exchange has issued conditional approval for the transaction with\nfinal approval contingent on acceptance by at least 50% of the Dundarave\nshareholders.\n\n\nThe final approval of the transaction wil pave the way for the\nOptimization and Design Program, which is focussed on reactor design and the\niron/nickel separation process. Upon its completion, ENPAR wil produce design\nspecifications for all aspects of the Demonstration Plant, including leaching,\nmetal separation, metal recovery and acid recovery.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\nENPAR is a "Technology Company" applying its patented and proprietary\n"Electrochemical Technologies" to the treatment of waste water and drinking\nwater contaminated by metals or nutrients i.e., nitrate/ammonia associated\nwith the mining, metal processing, chemical, agricultural, municipal and waste\nmanagement sectors. The common shares trade on Tier II of the TSX Venture\nExchange under the symbol "ENP".\n\n\nThis news release contains forward-looking statements within the meaning\nof the "safe harbour" provisions of the Private Securities Litigation Reform\nAct of 1995. These forward-looking statements are subject to risks and\nuncertainties and other factors that may cause ENPAR Technologies Inc. results\nto differ materially from expectations. These include risks relating to market\nfluctuations, property performance an...