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| Home : Enablence Announces Closing of First Tranche of Financing |
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Jun 27
2015 |
Enablence Announces Closing of First Tranche of Financing |
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OTTAWA, CANADA--(Marketwired - June 26, 2015) - 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 the closing of the initial part of the first tranche of the non-brokered private placement (the "Financing") in the amount of $350,000, at a price of $0.05 per unit ("Unit"). Each Unit will be comprised of one common share and one half of one common share purchase warrant ("Warrants"). Each Warrant is exercisable for a period of 18 months at an exercise price of $0.06 per Warrant. As a result, 7,000,000 shares and 3,500,000 Warrants were issued. The shares and Warrants are subject to a four month hold period expiring on October 27, 2015. |
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| Source:http://www.marketwired.com/mw/release.do?id=2033656&sourceType=3 |
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