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| Home : Enablence Technologies Announces Completion of $4,000,000 Equity Financing |
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Oct 06
2015 |
Enablence Technologies Announces Completion of $4,000,000 Equity Financing |
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OTTAWA, ONTARIO--(Marketwired - Oct. 5, 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 last tranche of the financing announced on August 21, 2015 (the "Financing"), in the amount of $3,175,000 at a price of $0.05 per unit ("Unit). Each Unit is comprised of one common share and one half of one common share purchase warrant ("Warrants"). Each full Warrant is exercisable for a period of 18 months at an exercise price of $0.06 per Warrant. As a result, 63,500,000 shares and 31,750,000 Warrants were issued. The shares and Warrants are subject to a four month hold period expiring on February 6, 2016. In total, this Financing raised $4,000,000. |
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| Source:http://www.marketwired.com/mw/release.do?id=2061245&sourceType=3 |
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