ENPAR Technologies Announces Private Placement of up to $350,000

ENPAR Technologies (TSXV:ENP) has announced that it is offering a non-brokered private placement of up to $350,000.
As quoted in the press release:

The placement will be for 3,500,000 Units at a price of $0.10 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Corporation and a one-half share Purchase Warrant (“Warrant”), which is exercisable for a period of two (2) years from the date of closing. Two Purchase Warrants will entitle the holder to purchase one additional Common Share at an exercise price of $0.15 per share.

The proceeds of this offering will be used for marketing and manufacturing initiatives, and for general working capital. The private placement is subject to regulatory approval by the TSX Venture Exchange.

Click here to read the full press release.