Posted On: 02/12/2016 2:29:21 PM
Post# of 2290
In the Fall of 2015, we were able to get interest from a large international group from the UAE and Saudi Arabia for buying our water. In December 2015 andJanuary 2016, we conducted water tests required from these buyers. Results have been positive, so our legal teams are now working on the contracts and we expect to sign these long term supply contracts in the first quarter of 2016. The proposed initial ship date is April 1, 2016 and the term for the contract will be 5 years.
In the last 3 months, International Capital LLP (Intercap), our London England based financial advisor, was able to raise capital to finance the growth and the expansion of Boreal Water. Intercap currently raised $500,000 in debenture with warrants priced at $0.0075 from 2 investors in Saudi Arabia.
This is AMAZING news for BRWC
In the last 3 months, International Capital LLP (Intercap), our London England based financial advisor, was able to raise capital to finance the growth and the expansion of Boreal Water. Intercap currently raised $500,000 in debenture with warrants priced at $0.0075 from 2 investors in Saudi Arabia.
This is AMAZING news for BRWC
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