Enablence Technologies Inc. announced a non-brokered private placement of 833,333.3333333333 common shares at a price of CAD 1.80 per share for gross proceeds of up to CAD 1,500,000 on December 7, 2021. The transaction is expected to close prior to the end of December, 2021 subject to, among other things, the approval of the TSX Venture Exchange. The company may elect to increase the size of the private placement to up to CAD 2,000,000.