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OTTAWA, ONTARIO--(Marketwired - April 7, 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 this non-brokered private placement (the "Financing") in the amount of $1.15 million, at a price of $0.05 per unit ("Unit"). It is expected that the balance of this first tranche of financing will close on Friday, April 10th, in the amount of $350,000. Each Unit is comprised of one common share and one half of one common share purchase warrant ("Warrants") exercisable for a period of 18 months at an exercise price of $0.06 per Warrant. As a result, 23,000,000 shares and 11,500,000 Warrants were issued. The shares and Warrants are subject to a four month hold period expiring on August 3, 2015. |
