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Enpar Technologies Inc. Closes Private Placement Announced November 24, 2015
GUELPH, ON / ACCESSWIRE / March 10, 2016 / ENPAR Technologies Inc. (TSXV: ENP) ("ENPAR" or "...
About this update from Current Water Technologies Inc
[{"type":"text","content":"Enpar Technologies Inc. Closes Private Placement Announced November 24, 2015GUELPH, ON / ACCESSWIRE / March 10, 2016 / ENPAR Technologies Inc. (TSXV: ENP) (\"ENPAR\" or \"the Company\" or \"the Corporation\") announces that all the conditions have been met and to the satisfaction of the TSXV and previously announced private placement dated November 24, 2015 with total proceeds of $1,000,000CAD is now closed.\nThe placement will be for up to 10,666,667 Units at a price of $0.09375 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Corporation and a one-half share Purchase Warrant (\"Warrant\"), which is exercisable for a period of two (2) years from the date of closing. Two Purchase Warrants will entitle the holder to purchase one additional Common Share at an exercise price of $0.135 per share.\nThe proceeds of this offering will be used for marketing and manufacturing initiatives, and for general working capital. The private placement is subject to regulatory approval by the TSX Venture Exchange.\nAbout ENPAR Technologies Inc.\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 trade on Tier ll of the TSX Venture Exchange under the symbol \"ENP\".\nThe TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.\nFOR FURTHER INFORMATION PLEASE CONTACT:\nDr. Gene S. Shelp, Ph.D., P.Geo.\nPresident and CEO\nTel: (519) 836-6155\nFax: (519) 836-5683\nE-mail: [email protected]\nWeb Site: www.enpar-tech.com\nForward Looking Statements\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 uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certai...