Guelph, ON (pcJ News Briefs) – ENPAR Technologies Inc. (TSX-V: ENP) has completed previously announced private placement of 2,650,000 units at a price of $0.10 per unit for gross proceeds of $265,000.
Each unit is comprised of one common share and a one-half share purchase warrant with each whole warrant exercisable for one additional common share at $0.15 per share for a period of two years from the date of closing.
Proceeds will be used for marketing and manufacturing initiatives, and for general working capital.
ENPAR Technologies Inc. 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.
photo credit: ENPAR Technologies