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ENPAR closes private placement

Published by
World Fertilizer,


ENPAR Technologies Inc. has announced that the private placement that was announced on 18 September 2017, with total proceeds of CAN$350 000, has now been closed.

The placement was for 3.5 million units at $0.10 per unit. Each unit will consist of one common share in the capital stock of the corporation and a one-half share purchase warrant, which is exercisable for a two-year period after the closing date. A whole warrant entitles the holder to buy one additional common share at an exercise price of $0.15 per share.

ENPAR claims that the proceeds of this offering will be utilised for both marketing and manufacturing initiatives, as well as for general working capital. The private placement is subject to regulatory approval by the TSX Venture Exchange.

Read the article online at: https://www.worldfertilizer.com/materials-handling/03102017/enpar-closes-private-placement/


 

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