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OTTAWA, ONTARIO--(Marketwired - Jan. 29, 2016) - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a leading supplier of optical components and subsystems for access, metro and long-haul markets, today announced that the Company has approved a non-brokered private placement with ZTE Corporation ("ZTE") for 77,000,000 common shares at a price of $0.06 per common share amounting to $4.62 CDN million. All securities will be subject to a four month hold period pursuant to applicable securities laws. It is expected that ZTE will hold approximately 19.11% of the issued and outstanding shares upon the completion of the Financing. |
