EnerPure Inc. Announces Private Placement to Raise $10 Million

EnerPure Inc. (“EnerPure” or the “Company”), a Manitoba cleantech company, is pleased to announce that it has engaged Ascenta Finance Corp. (, in cooperation with Moneta Advisory Partners (, to lead a private placement on its behalf pursuant to which EnerPure will issue up to 14,285,714 units of the Company (the “Units”) priced at $0.70 per Unit to raise aggregate gross proceeds of up to $10,000,000. The private placement may be increased at EnerPure’s discretion. Each Unit will be comprised of one common share and one half of one non-transferable share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable at $1.20 for a period expiring the earlier of: (i) 12 months from a public listing liquidity event or, (ii) 10 business days from the date that the Company provides written notice of a sale liquidity event.

Read more at GlobeNewswire.