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OTTAWA, ONTARIO--(Marketwired - April 10, 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 remainder of the first tranche of its non-brokered private placement (the "Financing") in the amount of $350,000, at a price of $0.05 per unit ("Unit"). Each Unit is comprised of one common share ("Common Share") and one half of one common share purchase warrant ("Warrant"). Each full Warrant is exercisable for a period of 18 months at an exercise price of $0.06 per Warrant. As a result, 7,000,000 Common Shares and 3,500,000 Warrants were issued. The shares and Warrants are subject to a four month hold period expiring on August 11, 2015. Total proceeds for the first tranche closing, inclusive of the amount previously disclosed on April 7, 2015, is $1,500,000. |
