EnWave closes US$7.75 million private placement

On December 20, 2013, EnWave Corporation closed a private placement, issuing 5,534,872 Units at a price of $1.40 per Unit for gross proceeds of approximately $7.75 million. Each Unit consists of one common share and one half of one common share purchase warrant. EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV™) dehydration technology. Fasken Martineau was counsel to EnWave with a team which included Iain Mant, Steve Saville and Michael Hobkirk (securities).