Business
Enpar Announces Closing of Private Placement Grants of Stock Options
(via Thenewswire.ca) January 20, 2014. Guelph Ontario. ENPAR Technologies Inc. (TSX V...
About this update from Current Water Technologies Inc
[{"type":"text","content":"Enpar Announces Closing of Private Placement Grants of Stock Options(via Thenewswire.ca)\n\n \nJanuary 20, 2014. Guelph Ontario. ENPAR Technologies Inc. (TSX VENTURE: ENP) (\"ENPAR\" or the \"Company\") announces that it closed a Non-brokered Private Placement to accredited investors January 17, 2014. The gross proceeds of $100,000 representing a total of 1,000,000 common shares were priced at $0.10 per share and are subject to a hold period of four months from the date of closing.\n\n \n \nThe Placement was for 1,000,000 Units at a price of $0.10 per unit. Each Unit is comprised of one Common Share in the capital stock of the Corporation and half of a Common Share Purchase Warrant (\"Warrant\") exercisable for a period of two (2) years from the date of closing. Should the Investors wish to fully exercise the Warrants, the Investors will be entitled to purchase a total of 500,000 additional Common Shares at price of $0.15 per share.\n\n \n \nA maximum of 7% commission was paid to agents. \n\n \n \nThe proceeds of this Placement will be used for marketing and manufacturing initiatives, and for general working capital.\n\n \n \nThe private placement and grant of stock options are subject to regulatory approval by the TSX Venture Exchange.\n\n \n \nENPAR is a \"Technology Company\" applying its patented and proprietary \"Electrochemical Technologies\" to the treatment of water used in the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The Company's common shares trade on Tier ll of the TSX Venture Exchange under the symbol \"ENP\". \n\n \n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nFOR FURTHER INFORMATION PLEASE CONTACT:\n\n\n \nDr. Gene Shelp, President and CEO \n\n\n \nTel: 519.836.6155\n\n\n \nFax: 519.836.5683\n\n\n \nE-mail: [email protected] \n\n\n \nWeb Site: www.enpar-tech.com\n\n \n \n70 Southgate Drive Unit 4,Guelph, ON, CANADA N1G 4P5\n\n \n \nForward Looking Statements\n\n \n \nThis news release contains forward-looking statements within the meaning of the \"safe harbour\" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertain...