ENPAR announces private placement of up to $1,500,000

GUELPH, ON, Nov. 28, 2011 /CNW/ - ENPAR Technologies Inc. (TSX-V: ENP) ("ENPAR" or "the Company") announces that, subject to regulatory approval and formal documentation, the Company will offer a non-brokered, private placement to "Accredited Investors" in the Provinces of Alberta, British Columbia, and Ontario.

The placement will be for 10,714,286 Units at a price of $0.14 per Unit representing $1,500,000 in the aggregate. Each Unit will comprise one Common Share and one Common Share Purchase Warrant ("Warrant"). Each Warrant will entitle the holder to acquire one (1) additional Common Share for a period of two (2) years from closing at a price of $0.25 per common share. The proceeds of this offering will be used for general corporate purposes and working capital.

The Company currently has an outstanding capital of 59,810,574 common shares and has reserved 10,714,286 common shares for the completion of the financing.  In addition, there are currently 13,667,914 common shares reserved for issuance on the exercise of outstanding Warrants and Stock Options.

The total amount of commission payable to Agents will not exceed 8% Cash plus 8% Agent Warrants at an exercise price of $.25 per common share with an expiry date of two (2) years from the date of closing.

The private placement is subject to regulatory approval by the TSX Venture Exchange.

ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of water used in the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The Company's common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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.

SOURCE Enpar Technologies Inc.

For further information:

Dr. Gene Shelp, President and CEO                Tel: 519.836.6155
  Fax: 519.836.5683
  E-mail: info@enpar-tech.com
  Web Site: www.enpar-tech.com


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Enpar Technologies Inc.

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