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Jul 1st, 2014
Enablence announces closing of first tranche of financing
Optical component maker raising cash to increase production capacity.
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 the closing of the first tranche of a non-brokered private placement in the amount of $1 million, at a price of $0.15 per share resulting in total shares being issued of 6,666,666. The shares are subject to a four month hold period.
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