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ENPAR Announces Private Placement of $100,000. ENPAR Announces Shares for Debt Settlement
(via Thenewswire.ca) December 17, 2013, Guelph, Ontario. ENPAR Technologies Inc. (TSX-...
About this update from Current Water Technologies Inc
[{"type":"text","content":"ENPAR Announces Private Placement of $100,000. ENPAR Announces Shares for Debt Settlement(via Thenewswire.ca)\n\n \nDecember 17, 2013, Guelph, Ontario. ENPAR Technologies Inc. (TSX-V: ENP) (\"ENPAR\" or \"the Company\" or \"the Corporation) announces that conditional approval has been granted for a non-brokered, private placement with an Investor. \n\n \n \nThe Placement will be for 1,000,000 Units at a price of $0.10 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Corporation and 0.50 of a Common Share Purchase Warrant exercisable for a period of two (2) years from the date of closing. Should the Investor wish to fully exercise the Warrants, the Investor will be entitled to purchase a total of 500,000 additional Common Shares at price of $0.15 per share.\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 is subject to regulatory approval by the TSX Venture Exchange.\n\n \n \nShares for Debt Settlement\n\n\n \nThe Company also announces the issuance of shares for amounts owed for legal fees to an arms-length creditor. The company issued a total of 305,178 common shares of the Company at a price of $0.10 per share. Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.\n\n\n \nAll securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance of the Shares, in accordance with applicable securities legislation.\n\n\n \nAbout ENPAR Technologies Inc.\n\n\n \nENPAR is a \"Technology Company\" applying its patented and proprietary \"Electrochemical Technologies\" to the treatment of waste water, desalination 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 of the Company 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 relea...