All Things Water

[antman]

ENPRF- (ENP.V) Shares on uptrend- trading at .12 (cad)
Enpar sells small-scale water treatment system


2014-01-15 09:36 ET - News Release


Dr. Gene Shelp reports

ASIAN COMPANY TO EVALUTE ENPAR'S NOVEL WATER TREATMENT SYSTEM ENPAR RECEIVES $80,000 OF OUTSTANDING PRIVATE PLACEMENT GRANT OF STOCK OPTIONS

A division of a major Asian corporation has purchased a small-scale Enpar Technologies Inc. water treatment system. The client will assess the technology to determine its applicability toward waste water recycle and reuse within the pulp and paper industry.

Large amounts of water are consumed through processing by the pulp and paper industry. Approximately 85 per cent of the water used in the pulp and paper industry is used as process water, resulting in relatively large quantities of contaminated water and necessitating the use of on-site waste water treatment solutions. Due to increased attention given to water conservation, strict regulatory constraints are being put in place around the world, making reuse and recycling of these waste waters more prevalent.

Private placement update

To date, the company has received $80,000 of the $100,000 non-brokered private placement previously announced on Dec. 16, 2013. The company anticipates closing the private placement prior to the end of January, 2014. The proceeds of this placement will be used for marketing and for general working capital.

Grant of stock options

The company announces that it has granted 3,975,000 incentive stock options to two directors, four employees and one consultant. The options are exercisable at a price of 10 cents for periods ranging from two years to five years from the date of grant. The grants are subject to acceptance by the TSX Venture Exchange. The company currently has an outstanding capital of 86,041,252 common shares with 17,147,214 common shares reserved for issuance on the exercise of outstanding stock options.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.