pcNewsWire – ENPAR Technologies Inc. (TSX-V: ENP) intends to close a non-brokered private placement of 10,000,000 units at a price of $0.15 per unit for gross proceeds of $1,500,000
Proceeds will be used for marketing and manufacturing initiatives, and for general working capital
A Company Specializing in Environmental Protection and Remediation Technologies
For Immediate Release
Private Placement of $1,500,000
May 23, 2017, Guelph, Ontario. ENPAR Technologies Inc. (TSX-V: ENP) (“ENPAR” or “the Company” or “the Corporation”) announces that, subject to regulatory approval and formal documentation, the Company is offering a non-brokered, private placement.
The placement will be for 10,000,000 Units at a price of $0.15 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 $0.20 per share.
The 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.
About ENPAR Technologies Inc.
ENPAR 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”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
Web Site: www.enpar-tech.com