Business
ENPAR Announces Closing of Private Placement Grants of Stock Options
(via Thenewswire.ca) February 01, 2013. Guelph Ontario. ENPAR Technologies Inc. (TSX VENTUR...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\nENPAR Announces Closing of Private Placement Grants of Stock Options\n\n(via Thenewswire.ca)\n\n \nFebruary 01, 2013. Guelph Ontario. ENPAR Technologies Inc. (TSX VENTURE: ENP) (\"ENPAR\" or the \"Company\") announces that it closed a Non-brokered Private Placement to an accredited investor February 01, 2013. The gross proceeds of $50,000 representing a total of 625,000 common shares were priced at $0.08 per share and are subject to a hold period of four months from the date of closing.\n\n \n \nEach Unit is comprised of one Common Share in the capital stock of the Corporation and a full share Purchase Warrant (\"Warrant\"). Each share Purchase Warrant entitles the holder to purchase one (1) additional Common Share at an exercise price of $0.15 per share for a period of three (3) years from the date of closing.\n\n \n \nCommissions paid to agents amounted to $4,000 (8% cash), and 50,000 Agent Share Purchase Warrants (8% warrants) were granted. \n\n \n \nENPAR Technologies Inc. announces that it has granted 200,000 incentive stock options to a consultant. The options are exercisable at a price of $0.10 for a period of two (2) years from the date of grant. \n\n \n \nThe private placement and grant of stock options are subject to regulatory approval by the TSX Venture Exchange.\n\n \n \nThe Company currently has an outstanding capital of 73,236,074 common shares with 9,550,000 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 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 Tel: 519.836.6155\n\n\n \n Fax: 519.836.5683\n\n\n \n E-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 \nThis news release contains forward-looking statemen...