Key Developments: Enablence Technologies Inc (ENA.V)

ENA.V on TSX Venture Exchange

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Enablence Technologies Inc closes financing
Monday, 15 Dec 2014 08:29am EST 

Enablence Technologies Inc:Closes C$2.7 mln of a non-brokered private placement financing investment by ZTE Corporation.Financing is an extension of the previously announced financing of up to $10 mln in July 2014 that the company has undertaken over the last several months, some of which was delayed because of various third party approval processes.Proceeds from the Financing are expected to meet certain obligations including the repayment of certain bridge and short term loans and provide working capital to the company.  Full Article

Enablence Technologies Inc announces additional bridge financing
Tuesday, 28 Oct 2014 08:11pm EDT 

Enablence Technologies Inc:Expects to receive additional bridge financing over the next few weeks, subject to TSX Venture Exchange approval, for total of up to $1.5 million of which $576,000 has recently been received and additional funds under bridge financing will be received in tranches.Irixi Holdings Ltd., an affiliate of China TriComm Ltd., an insider of the company and related party within meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101), will be providing this short-term, non-interest bearing, unsecured loan.  Full Article

Enablence Technologies Inc announces a bridge financing and update on financing
Wednesday, 10 Sep 2014 05:00pm EDT 

Enablence Technologies Inc:Says bridge loan in the amount of $720,000 which is expected to close in the next few days, subject to TSX Venture Exchange approvals.Bridge Loan is to assist the company as part of the larger equity financing previously announced on June 17, 2014, of which another tranche of the financing of about $3 mln is expected to close during the week of Sept. 22, 2014.Final tranche of the Financing for about $4 to $5 mln is expected by Oct. 10, 2014, subject to TSX Venture Exchange approvals.Bridge Loan represents interim financing to support the operations of the company and is expected to be repaid by the end of Nov. 2014.Those persons extending the Bridge Loan will be issued warrants exercisable for an aggregate of about 4,799,998 common shares of the company for a period of one year at an exercise price of $0.15.  Full Article

Enablence announces extension of closing of additional tranches of financing
Wednesday, 30 Jul 2014 05:05pm EDT 

Enablence Technologies Inc:Announced that additional tranches of the financing previously announced on June 17, are now expected to close in late Aug. 2014 and early Sept. 2014.Total financing, inclusive of the first tranche of $1 million which closed on June 26, is expected to raise up to an amount of $10 million at a price of $0.15 per share resulting in the issuance of up to 66,666,666 common shares of the company.Proceeds from the Financing are expected to enable the company to increase capacity to meet current and expected future demand.  Full Article

Enablence Technologies Inc closes private placement
Thursday, 26 Jun 2014 07:19am EDT 

Enablence Technologies Inc:Closes the first tranche of a non-brokered private placement in the amount of C$1 million, at a price of C$0.15 per share resulting in total shares being issued of 6,666,666.The shares are subject to a four month hold period.  Full Article

Enablence Technologies Inc announces strategic financing
Tuesday, 17 Jun 2014 05:00pm EDT 

Enablence Technologies Inc:Says non-brokered private placement financing up to $10 mln to be subscribed for in tranches by new strategic shareholders as well as certain existing shareholders of the Company (Financing).Financing is expected to raise up to $10,000,000 at a price of $0.15 per share resulting in the issuance of up to 66,666,666 common shares of the Company.Shares are subject to four month hold period pursuant to applicable securities laws.Initial tranche of the Financing is expected to close on or about June 25, 2014 and the final tranche of the Financing is expected to close on or about July 30, 2014.Proceeds from Financing are expected to enable Company to increase capacity to meet current and expected future demand associated with a number of recent contracts awarded by telecommunications equipment vendors.Enablence will also accelerate development of next generation integrated products to meet customer demands.  Full Article

Enablence Technologies Inc announces appointment of Evan Chen as CEO
Tuesday, 20 May 2014 12:54pm EDT 

Enablence Technologies Inc:Appoints Evan Chen as Chief Executive Officer replacing Jacob Sun.Chen has been the Chief Strategic Officer of Enablence since Oct. 29, 2013.  Full Article

Enablence Technologies Inc announces management appointment
Thursday, 19 Dec 2013 09:00pm EST 

Enablence Technologies Inc:Says the appointment of Tao (Todd) Zhang, as the company's new chief financial officer.Says has been appointed chair of the board taking over from John Roland.  Full Article

Enablence Technologies Inc Announces Financing
Wednesday, 17 Jul 2013 01:45pm EDT 

Enablence Technologies Inc announced that it has entered into an agreement in principle with China TriComm Ltd. and certain shareholders of the Company to raise up to $15,000,000 (the Financing Transaction). In conjunction with the Financing Transaction, the Company is taking steps to reduce its total indebtedness from approximately $16,000,000 to approximately $3,000,000. These transactions are subject to TSX Venture Exchange approval. The Financing Transaction is comprised of a $12,000,000 issuance of common shares (the Equity Transaction) and a $3,000,000 convertible bridge loan (the Bridge Loan). The $12,000,000 Equity Transaction is structured as follows: China TriComm Ltd. and one or more of its affiliates will subscribe for 45,000,000 common shares at an issue price of $0.20 and certain shareholders of the company, which may include some insiders of Enablence, will subscribe for an additional 15,000,000 common shares also at $0.20 per share. part of the $15,000,000 Financing Transaction, an affiliate of China Tricomm Ltd., is providing Enablence with the Bridge Loan for working capital purposes. A first tranche of $500,000 of the Bridge Loan has been received by Enablence. The second $2,500,000 tranche of the Bridge Loan is expected to be received on July 22, 2013. The Bridge Loan will automatically be converted to common shares of Enablence at $0.15 per share on the closing of the Equity Transaction.  Full Article

Enablence Technologies Inc Announces Closing of Non-Brokered Private Placement; Debt Conversion
Tuesday, 19 Feb 2013 04:05pm EST 

Enablence Technologies Inc announced the closing of the previously announced debt conversion and non-brokered private placement financing. Enablence has closed the non-brokered private placement equity financing with certain existing shareholders issuing 9,121,212 common shares at a price of $0.33 per share (the "Share Price"). The aggregate amount of the private placement was increased to C$3,010,000 from the previously announced amount of C$2,720,000. These shares are subject to a four month hold period pursuant to applicable securities laws which expires on June 20, 2013. The shareholders who subscribed are insiders of Enablence (each an "insider") participating in the private placement financing and each insider is a related party within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") (as more fully described in the press release of February 11, 2013). In addition, Enablence issued 10,834,346 common shares to former shareholders of Pannaway for the cancellation of certain unsecured convertible notes (the "Notes") and repayment of the debt in the amount of approximately US$3,500,000 at the Share Price. These shares are subject to a four month hold period pursuant to applicable securities laws which expires on June 20, 2013.  Full Article

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