March 01, 2007
Enablence Technologies Inc. (TSXV: ENA) completed a private placement for gross proceeds of $15 million through the issuance of 25,000,000 common shares at a price of $0.60 per common share. Enablence designs and manufactures optical components, in particular triplexers and diplexers, using its proprietary Planar Lightwave Circuit (PLC) “Dispersion Bridge” platform, for the Fiber-to-the-Home (FTTH) market. The private placement was completed by a syndicate of agents led by Paradigm Capital Inc., and including Wellington West Capital Markets Inc. and Raymond James Ltd.
Wildeboer Dellelce LLP acted on behalf of the Agents in connection with the financing with a team consisting of Robert Fonn, Diana Escobar Bold and Anndra Schwartz (corporate/securities).