ENPAR announces private placement of up to $1,500,000

    




 GUELPH, ON, Nov. 28, 2011 /CNW/ - ENPAR Technologies Inc.   ("ENPAR" or "the Company") announces that, subject to regulatory  approval and formal documentation, the Company will offer a  non-brokered, private placement to "Accredited Investors" in the  Provinces of Alberta, British Columbia, and Ontario. 

 The placement will be for 10,714,286 Units at a price of $0.14 per Unit  representing $1,500,000 in the aggregate. Each Unit will comprise one  Common Share and one Common Share Purchase Warrant ("Warrant"). Each  Warrant will entitle the holder to acquire one (1) additional Common  Share for a period of two (2) years from closing at a price of $0.25  per common share. The proceeds of this offering will be used for  general corporate purposes and working capital. 

 The Company currently has an outstanding capital of 59,810,574 common  shares and has reserved 10,714,286 common shares for the completion of  the financing.  In addition, there are currently 13,667,914 common  shares reserved for issuance on the exercise of outstanding Warrants  and Stock Options. 

 The total amount of commission payable to Agents will not exceed 8% Cash  plus 8% Agent Warrants at an exercise price of $.25 per common share  with an expiry date of two (2) years from the date of closing. 

 The private placement is subject to regulatory approval by the TSX  Venture Exchange. 

 ENPAR is a "Technology Company" applying its patented and proprietary  "Electrochemical Technologies" to the treatment of water used in the  mining, metal processing, chemical, agricultural, municipal and waste  management sectors. The Company's common shares trade on Tier ll of the  TSX Venture Exchange under the symbol "ENP".  

 The TSX Venture Exchange has not reviewed and does not accept  responsibility for the adequacy or accuracy of this release. 

 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. 

Enpar Technologies Inc.


CONTACT:  Dr. Gene Shelp, President and CEO        Tel: [phone]Fax: [phone]E-mail: [e-mail] Site: www.enpar-tech.com 


    

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