Enablence confirms investigation

Optical modem components Enablence.jpgmaker Enablence Technologies Inc. confirms that the Ontario Securities Commission is investigating the timing of stock options granted to company directors, officers and employees last December and March. Enablence went public in July, 2006, after a reverse takeover of Northwest Capital Partners, and since then has closed a $15-million private placement offering. Enablence had filed a preliminary short-form prospectus in May for a $15-million offering, but plans were derailed by the announcement of the OSC investigation.

Submit a comment

Please leave your name, which will be used to sign your submission to the SCANsite. Thanks for contributing your thoughts. Come back again. Tony Patterson, Editor & CEO.

© 2006 - 2009 SCAN
Site by Citadel Rock