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OTTAWA, ONTARIO--(Marketwired - July 17, 2013) - 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, announced that it has entered into an agreement in principle with China TriComm Ltd. and certain shareholders of the Company to raise up to $15,000,000 (the "Financing Transaction"). In conjunction with the Financing Transaction and as further described below, the Company is taking steps to reduce its total indebtedness from approximately $16,000,000 to approximately $3,000,000. These transactions are subject to TSX Venture Exchange approval. |
