ENPAR Announces Private Placement of $100,000. ENPAR Announces Shares for Debt Settlement


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TSX.V:ENP
12/17/2013 [ACCESSWIRE]

December 17, 2013, Guelph, Ontario. ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR" or "the Company" or "the Corporation) announces that conditional approval has been granted for a non-brokered, private placement with an Investor.

The Placement will be for 1,000,000 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 0.50 of a Common Share Purchase Warrant exercisable for a period of two (2) years from the date of closing. Should the Investor wish to fully exercise the Warrants, the Investor will be entitled to purchase a total of 500,000 additional Common Shares at price of $0.15 per share.

The proceeds of this Placement 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.

Shares for Debt Settlement

The Company also announces the issuance of shares for amounts owed for legal fees to an arms-length creditor. The company issued a total of 305,178 common shares of the Company at a price of $0.10 per share. Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.

All securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance of the Shares, in accordance with applicable securities legislation.

About ENPAR Technologies Inc.

ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares of the Company trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Dr. Gene Shelp, President and CEO

Tel: 519.836.6155

Fax: 519.836.5683

E-mail: info@enpar-tech.com

Web Site: http://www.enpar-tech.com/

70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. ENPAR believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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