TORONTO, Feb. 2 /CNW/ - ENPAR announces that it has agreed to grant 1,102,500 options to seven consultants, five employees and three directors. The options are exercisable at a price of $0.25 per share for a period of up to five years. A total of 762,500 options will be subject to shareholder approval at the next AGM scheduled for June 5, 2007.
The grants are subject to acceptance by the TSX Venture Exchange.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
This 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.