KIAMESHA LAKE, N.Y., Feb. 9, 2016 /PRNewswire/ -
Post# of 2290
Posted On: 02/22/2016 1:57:35 PM
KIAMESHA LAKE, N.Y., Feb. 9, 2016 /PRNewswire/ -- Boreal Water Collection, Inc. (OTC: BRWC), an established water bottler of premium private-labeled bottled water products tailored for each client's particular need, today issues the following updates.
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.P.S NO MATTER WHAT IS SAID THIS IS WHY OTHERS ARE WAITING.
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.P.S NO MATTER WHAT IS SAID THIS IS WHY OTHERS ARE WAITING.
(0)
(0)Boreal Water Collection Inc (BRWC) Stock Research Links
Scroll down for more posts ▼