ENPAR Technologies Inc. - Repricing of stock options

GUELPH, ON, May 5 /CNW/ - ENPAR Technologies Inc. ("ENPAR" or "the Company") (TSX-V: ENP) announces the repricing of stock options. Subject to the approval of the TSX Venture Exchange (the "TSX-V"), outstanding stock options for the purchase of an aggregate of 2,506,665 common shares of the Company having exercise prices between $0.40 and $0.46 per share and expiry dates in 2012 or 2013 have been repriced to the exercise price of $0.20 per share. Pursuant to the policies of the TSX-V, all repriced options will be subject to disinterested Shareholder approval at the Company's 2009 Annual General Meeting of Shareholders (the "Shareholders' Meeting") scheduled for June 4, 2010. None of the repriced options may be exercised at the amended exercise price pending TSX-V acceptance of the stock option repricing.

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.

             70 Southgate Drive Unit4, Guelph, ON, CANADA N1G 4P5

    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: gshelp@enpar-tech.com, Web Site: www.enpar-tech.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890