Business
Revised Private Placement Closed Total Proceeds of $230,000
(via Thenewswire.ca) Guelph, Ontario / TNW-ACCESSWIRE / September 3, 2014 / ENPAR Te...
About this update from Current Water Technologies Inc
[{"type":"text","content":"Revised Private Placement Closed Total Proceeds of $230,000(via Thenewswire.ca)\n\n \nGuelph, Ontario / TNW-ACCESSWIRE / September 3, 2014 / ENPAR Technologies Inc. (TSX-V: ENP) (\"ENPAR\" or \"the Company\" or \"the Corporation) announces the closure of the previously announced private placement dated August 18, 2014. \n\n \n \nThe placement will be for 2,300,000 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 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 $0.15 per share.\n\n \n \nCommissions paid to agents amounted to $10,400 (8% cash) and 52,000 Agent Share Purchase Warrants (8% of granted warrants) exercisable to purchase one common share at the price of $0.15 per share for period of two(2) years from closing were granted to arm's length agents. \n\n \n \nThe proceeds of this offering 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 \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 release.\n\n \n \nFOR FURTHER INFORMATION PLEASE CONTACT:\n\n \n \nDr. Gene Shelp, President and CEO\n\n\n \nTel: 519.836.6155\n\n\n \nFax: 519.836.5683\n\n\n \nE-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 \nForward Looking Statements\n\n \n \nThis news release contains forward-looking statements within the meaning of the...