Current Water Technologies Completes Successful Funding Round
Current Water Technologies Inc. (TSX-V: WATR) is excited to announce the closing of its private placement, successfully raising a total of $320,000 CAD. This achievement shines a spotlight on the company’s determination to excel in the water treatment sector.
Details of the Private Placement
The recent private placement, first announced a few days earlier, saw the company issue an impressive 10,666,667 Common Shares at a rate of $0.03 per share. This investment demonstrates the confidence investors have in Current Water Technologies and its future prospects. Additionally, all securities from this offering will observe a standard hold period of four months and one day, aligning with existing securities regulations.
Understanding the Market Strategy
In accordance with the TSX Venture Exchange policies, particularly the minimum price exception within Policy 1.1, this private placement provides an opportunity for the issuance of Listed Shares reflecting the current market conditions, subject to a minimum price of $0.01. This strategic move enables Current Water Technologies to secure necessary funding while conforming to regulatory frameworks.
Company Overview
Current Water Technologies firmly positions itself as a pioneering force in the technology sector, specializing in water treatment. The company’s patented and proprietary Electrochemical Technologies effectively address challenges related to wastewater, desalination, and drinking water contaminated by various elements, including metals and nutrients like nitrate and ammonia. Their innovative approach primarily serves industries associated with mining, metal processing, chemicals, agriculture, municipal services, and waste management.
Division Highlights
The Pumptronics Incorporated division of Current Water Technologies exemplifies their commitment to excellence. As an integrated pump station manufacturer, it focuses on tailored designs and automation, providing solutions that meet specific client needs in the water management arena.
Trading Information
The common shares of Current Water Technologies are traded on Tier II of the TSX Venture Exchange, under the symbol “WATR”. This trading activity illustrates investor interest and the potential for growth within the company’s strategic operations.
Contact Information
For additional insights or inquiries, please reach out:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
Email: gshelp@currentwatertechnologies.com
Frequently Asked Questions
What is the purpose of the recent private placement?
The private placement aims to raise funds for Current Water Technologies' ongoing projects and expansion in the water treatment industry.
What technologies does Current Water Technologies focus on?
The company specializes in patented electrochemical technologies that treat wastewater and drinking water affected by contaminants.
How many shares were issued in the private placement?
In this recent funding round, a total of 10,666,667 Common Shares were issued.
What regulations govern the private placement?
The offering adheres to TSX Venture Exchange policies, ensuring compliance with securities regulations.
Where can I find more information about Current Water Technologies?
Further details can be obtained by contacting Dr. Gene S. Shelp or visiting their website for comprehensive insights on their technologies and services.
