Enablence turns to China for financing
Management at optical component and subsystem developer Enablence Technologies Inc. (TSX VENTURE:ENA) has taken another step toward getting the company back on its financial feet. The company has reached an agreement in principle with China TriComm Ltd. and certain shareholders of the company to raise up to CAN$15 million. The financing will be used as part of a strategy to reduce the company’s debt from approximately CAN$16 million to approximately CAN$3 million.