ENPAR Technologies Inc.: Private Placement of $1,500,000

GUELPH, ON --(Marketwired - May 23, 2017) - ENPAR Technologies Inc. (TSX VENTURE: ENP) ("ENPAR" or "the Company" or "the Corporation") announces that, subject to regulatory approval and formal documentation, the Company is offering a non-brokered, private placement.The placement will be for 10,000,000 Units at a price of $0.15 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Corporation and a one-half share Purchase Warrant ("Warrant"), which is exercisable for a period of two (2) years from the date of closing. Two Purchase Warrants will entitle the holder to purchase one additional Common Share at an exercise price of $0.20 per share.