Business
ENPAR CLOSES PRIVATE PLACEMENT
Dec. 23, 2010 (Canada NewsWire Group) -- GUELPH, ON, Dec. 23 /CNW/ - ENPAR Technologies Inc. ...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\n Dec. 23, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nGUELPH, ON, Dec. 23 /CNW/ - ENPAR Technologies Inc. ("ENPAR" or "the\n Company"), announces that, the Company closed a non-brokered private\n placement on December 23, 2010 for 5,712,500 Units at $0.20 per share\n representing $1,142,500 in the aggregate.  Each unit consists of one\n (1) Common Share and one half (1/2) Common Share Purchase Warrant\n ("Warrant"). A full purchase warrant will entitle the holder to\n purchase one (1) additional common share, exercisable for a period of\n two (2) years from the date of issuance at an exercise price of $0.30.\n\n\nThe proceeds of the offering will be used for general corporate purposes\n and working capital.\n\n\nThe Company will pay commissions to the Agents which will not exceed\n 10%.\n\n\nThe private placement is subject to regulatory approval by the TSX\n Venture Exchange.\n\n\nAbout ENPAR Technologies Inc.\n\n\nENPAR is a "Technology Company" applying its patented and proprietary\n "Electrochemical Technologies" to the treatment of waste water,\n desalination water and drinking water contaminated by metals or\n nutrients, i.e., nitrate/ammonia associated with the mining, metal\n processing, chemical, agricultural, municipal and waste management\n sectors. The common shares of the Company trade on Tier ll of the TSX\n Venture Exchange under the symbol "ENP".\n\n\nThe TSX Venture Exchange has not re...