Business
Enablence Technologies Announces Terms of Equity Financing
Enablence Technologies Announces Terms of Equity Financing
About this update from Enablence Technologies Inc.
[{"type":"text","content":"\n\n\n\n Nov. 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\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE\n SERVICES/\n\n\nOTTAWA, Nov. 23 /CNW/ - Enablence Technologies Inc. ("Enablence" or the\n "Company") (TSX-V: ENA) is pleased to announce that, further to its\n press release dated November 22, 2010, it has entered into an agency\n agreement with a syndicate of agents led by Paradigm Capital Inc., and\n including TD Securities Inc., Fraser Mackenzie Limited and  Raymond\n James Ltd. (together, the "Agents") in respect to the offering of\n common shares (the "Offering") contemplated by the preliminary short\n form prospectus dated November 22, 2010. Under the terms of the Agency\n Agreement, the Agents will offer up to 35,000,000 common shares at a\n price of $0.58 per common share for gross proceeds of up to\n $20,300,000.\n\n\nThe Company has also granted the Agents an over-allotment option (the\n "Over-Allotment Option") to arrange for purchasers of up to such number\n of additional Common Shares at the Issue Price as is equal to 15% of\n the aggregate number of Common shares issued pursuant to the Offering.\n\n\nThe net proceeds from the Offering will be used for general corporate\n and working capital purposes, as more particularly set out in the\n Company's preliminary short form prospectus dated November 22, 2010.\n\n\nThe Offering is scheduled to close on or about December 6, 201...