GUELPH, ON, Feb. 4 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR")
is pleased to announce that the shareholders of Dundarave Resources Inc.
("Dundarave") have approved the ExtrEL Technology License Agreement with ENPAR
at the Extraordinary General Shareholders Meeting of Dundarave held on
February 1, 2008.
Dundarave had previously obtained conditional approval from the
TSX Venture Exchange for the ExtrEL nickel recovery technology licensing
agreement. The TSX Venture Exchange had determined that the transaction is a
Fundamental Acquisition (as defined in TSX Venture Exchange Policy 5.3) and
required that Dundarave obtain shareholder approval (at least 50% of the
Paul Matysek, President and CEO of Dundarave, stated: "We are very
pleased with the outcome of today's vote as it allows us to obtain the final
approval of the transaction from the TSX Venture Exchange and embark on the
next phase of the technology development. We now look forward to initiating
the Optimization and Design program for the ExtrEL technology that will focus
on reactor design and the nickel separation process."
In response to the news, Dr. Gene Shelp, President and CEO of ENPAR
stated: "ENPAR is very excited with the opportunity to work closely with
Mr. Paul Matysek and his team to exploit the potential of ENPAR's ExtrEL
technology. ENPAR is committed to an expedient and successful Optimization and
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
ENPAR is a "Technology Company" applying its patented and proprietary
"Electrochemical Technologies" to the treatment of waste water and drinking
water contaminated by metals or nutrients i.e., nitrate/ammonia associated
with the mining, metal processing, chemical, agricultural, municipal and waste
management sectors. The common shares trade on Tier ll of the TSX Venture
Exchange under the symbol "ENP".
This news release contains forward-looking statements within the meaning
of the "safe harbour" provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to risks and
uncertainties and other factors that may cause ENPAR Technologies Inc. results
to differ materially from expectations. These include risks relating to market
fluctuations, property performance and other risks. These forward-looking
statements speak only as of the date hereof.
For further information:
For further information: Dr. Gene Shelp, President and CEO, Tel: (519)
836-6155, Fax: (519) 836-5683, E-mail: email@example.com, Web Site: