By Sheri Kasprzak
New York, Feb. 23 - Enpar Technologies Inc. is gearing up to close a C$1.825 million private placement.
A group of investors plans to buy 7.3 million units at C$0.25 each.
The units consist of one share and one warrant with each warrant exercisable at C$0.35 for two years.
The offering is non-brokered.
Based in Guelph, Ont., Enpar develops technologies used to treat waste water and drinking water contaminated by metals and nutrients.
| Issuer: | Enpar Technologies Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.825 million
|
| Units: | 7.3 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Placement agent: | Non-brokered
|
| Announcement date: | Feb. 23
|
| Stock symbol: | TSX Venture: ENP
|
| Stock price: | C$0.31 at close Feb. 23
|
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