Business
ENPAR TO COMMENCE NORMAL COURSE ISSUER BID
Feb. 7, 2011 (Canada NewsWire Group) -- GUELPH, ON, Feb. 7 /CNW/ - ENPAR Technologies Inc. (T...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\n Feb. 7, 2011 (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, Feb. 7 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR"\n or the "Company") announces that the TSX Venture Exchange (the\n "Exchange") has accepted a notice filed by the Company stating its\n intention to initiate a Normal Course Issuer Bid ("NCIB").\n\n\nThe notice provides that ENPAR may purchase for cancellation up to\n 2,990,528 of its common shares, representing approximately 5% of the\n 59,810,578 issued and outstanding common shares of the Company.\n Pursuant to the NCIB, ENPAR will pay the market price for any common\n shares at the time of purchase during the 12 month period commencing\n February 7, 2011 and ending February 6, 2012. All purchases will be\n made through the TSX Venture Exchange by Foster & Associates, a Toronto\n brokerage firm, acting as an independent trustee on behalf of ENPAR \n\n\nThe Company is making the NCIB as it is of the view that the common\n shares have been trading at a range that does not adequately reflect\n their value in relation to the Company's assets and growth prospects.\n To the extent that the Company purchases for cancellation such common\n shares in accordance with the NCIB, the holdings of remaining\n shareholders would represent an increased proportion of the common\n shares outstanding and, all other things remaining equal, are expected\n to result in an increased net asset value per common share.\n\...