Enablence to raise capital

Enablence-logo110X48.JPGOTTAWA - Broadband optical equipment maker Enablence Technologies Inc. files a preliminary short form prospectus to raise capital through an offering of common shares. The offering, for a yet undetermined number of shares, will be led by Paradigm Capital Inc. Chhatbar%2C%20arvind2%2075X93.jpgand include Haywood Securities Inc. and Raymond James Ltd. Enablence says it will use the cash to strengthen its balance sheet, expand product lines, and for general corporate purposes, as well as R&D and marketing activities. "[Enablence] has the necessary financial resources to execute on its current activities. This offering, however, will take [us] to the next level in the company's growth," says Arvind Chhatbar (pictured left), CEO. "Although current market conditions are difficult, they present several opportunities for growing and strengthening Enablence's position in several product areas and geographical markets. This financing will provide us with the means to augment the initiatives and growth of the last few quarters by broadening our customer and market reach in FTTH (fibre-to-the-home) systems and components." Click here for more information.

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