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OTTAWA, ONTARIO--(Marketwired - Sept. 18, 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 an another tranche of the financing announced on August 21, 2015 (the "Financing"), in the amount of $615,000 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 Warrant is exercisable for a period of 18 months at an exercise price of $0.06 per Warrant. As a result, 12,300,000 shares and 6,150,000 Warrants were issued. The shares and Warrants are subject to a four month hold period expiring on January 19, 2016. |
