Water Ways Announces Private Placement, Debt Settlement and Proposed Amendments to Debentures

Core Points - Water Ways Technologies Inc. announced a non-brokered private placement of up to 20,000,000 units for gross proceeds of up to $1,000,000 [1][2] - The company plans to settle up to $800,000 of outstanding debt by issuing up to 16,000,000 common shares [4] - Proposed amendments to certain outstanding unsecured convertible debentures include changes to conversion prices and maturity dates [5][6] Private Placement - The offering consists of units priced at $0.05 each, with each unit including one common share and one warrant [2] - Each warrant allows the holder to acquire one common share at an exercise price of $0.07 for two years from the closing date [2] - The expected closing date for the offering is around September 30, 2025, pending TSX Venture Exchange approval [3] Debt Settlement - The company intends to issue common shares at a deemed price of $0.05 to settle outstanding debt of up to $800,000 [4] - This debt settlement is also subject to TSXV acceptance and will have a statutory hold period of four months and one day [4] Amendments to Debentures - The company plans to amend the conversion price of its 2023 debentures from $0.24 to $0.05 and the 2022 debentures from $0.35 to $0.05 [6] - The maturity date for both sets of debentures is proposed to be extended to October 9, 2025 [6] - These amendments are subject to TSXV approval [6] Company Overview - Water Ways Technologies Inc. is a Canadian provider of Israeli-based agriculture technology, focusing on water irrigation solutions for agricultural producers in Canada and the USA [8] - The company is leveraging opportunities in micro and smart irrigation within the Canadian market [8]