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| Home : Enablence Announces the Closing of Private Placement With ZTE |
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Feb 03
2016 |
Enablence Announces the Closing of Private Placement With ZTE |
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OTTAWA, ONTARIO--(Marketwired - Feb. 2, 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 the closing of the non-brokered private placement with ZTE Corporation ("ZTE") announced on January 29, 2016 for 77,000,000 common shares at a price of $0.06 per common share for proceeds of $4.62 million. All securities will be subject to a four month hold period pursuant to applicable securities laws expiring June 3, 2016. As a result of the closing, ZTE holds approximately 19.11% of the issued and outstanding shares of the Company. |
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| Source:http://www.marketwired.com/mw/release.do?id=2093406&sourceType=3 |
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