Enablence raises $13.8 million on public market

OTTAWA – Optical Enablence-logo110X48.JPGcommunications equipment maker Enablence Technologies Inc. raises $13.8 million in public offering that sees company executives, including CEO Arvind Chhatbar, contribute $2.06 million. The company says it issued 46 million common shares at 30 cents each, of which the insiders bought nearly 6.9 million. Announced at the end of April, the offering includes an over-allotment of six million shares. Click here for more information.

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