ENPAR Technologies Inc. (TSXV:ENP) announced a non-brokered private placement of 1,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 100,000 on December 17, 2013. Each unit consist of one common share and one-half of common share purchase warrant. Two warrants entitles the holder to purchase one common share of the company at CAD 0.15 for a period of two years from closing. The transaction is subject to regulatory approval of TSX Venture Exchange.

On January 20, 2014, ENPAR Technologies Inc. closed the transaction. The company issued securities to accredited investors. The company paid a maximum of 7% commission to the agents. If the investors exercise the warrants, the investors entitle to purchase a total of 500,000 additional common shares at price of CAD 0.15 per share.