Business
ENPAR announces closing of $1.8 million non-brokered private placement
ENPAR announces closing of $1.8 million non-brokered private placement.
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 28 /CNW/ - ENPAR Technologies Inc. ("ENPAR" or "the\nCompany") is pleased to announce that, further to its press release dated\nFebruary 23, 2007, it has completed a private placement of 7,245,000 aggregate\nunits with arm's length parties. These securities are restricted from trade\nuntil June 27, 2007. ENPAR has granted one (1) warrant per common share at a\nprice of $0.35 per warrant with an expiry date two (2) years from the closing\ndate of the Private Placement Agreement.\n\n\nThe proceeds of $1,811,250 realized from the placement will be allocated\nas working capital to be expended in support of ongoing operations and\nbusiness development initiatives.\n\n\nThe Company has paid an aggregate of $104,375 as a finder's fee to\nHalcorp Capital Ltd and White Knight Capital Corp.\n\n\nThe Company received regulatory approval from The TSX Venture Exchange on\nFebruary 27, 2007.\n\n\n Upon completion of this transaction the Company will have\n 36,470,259 common shares issued and outstanding.\n\n\nThis news release contains forward-looking statements within the meaning\n\n\nof the "safe harbour" provisions of the Private Securities Litigation\n\n\nReform Act of 1995. These forward-looking statements are subject to risks\n\n\nand uncertainties and other factors that may cause ENPAR Technologies\n\n\nInc. results to differ materially from expectations. These include risks\n\n\nrelating to market fluctuations, property performance and other risks.\n\n\nThese forward-looking statements speak only as of the date hereof.\n\n\n","length":1719,"tagName":"div"}]