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CWTI Prepares to Ship Electrochemical Water Treatment System for Production of High Purity Water
Globenewswire· 2025-08-12 14:00
Core Points - Current Water Technologies Inc. has completed the fabrication and in-house testing of its electrochemical water treatment system, which is set to be shipped to the client within 1-2 weeks [1] - The successful implementation of this system is expected to lead to additional near-term sales for the company and its partner [2] Company Overview - Current Water Technologies Inc. specializes in applying patented electrochemical technologies for the treatment of wastewater, desalination, and drinking water contaminated by metals or nutrients, particularly in sectors such as mining, metal processing, chemicals, agriculture, municipal, and waste management [3] - The company operates a division called Pumptronics Incorporated, which focuses on custom design and automation of integrated pump stations [3] Stock Information - The common shares of Current Water Technologies Inc. are traded on Tier II of the TSX Venture Exchange under the symbol "WATR" [4]
CWTI Closed Private Placement – $209,450
Globenewswire· 2025-06-03 19:45
Core Points - Current Water Technologies Inc. has successfully closed a private placement raising a total of $209,450 CAD [1][2] - The company issued 6,981,667 units at a price of $0.03 per unit, with each unit consisting of one Common Share and one Share Purchase Warrant [2] - Each Warrant allows the holder to purchase one Common Share at an exercise price of $0.06, exercisable for three years from the closing date [2] Private Placement Details - The private placement was conducted under the minimum price exception within Policy 1.1 of the TSXV Corporate Manual, allowing issuance at the market price with a minimum of $0.01 [3] - No finder's fees were paid in connection with the private placement [2] - Gene Shelp, the CEO, participated in the private placement by acquiring 1,315,000 units and warrants, which are considered related party transactions [4] Insider Participation - The participation of insiders did not materially change the percentage of outstanding securities owned by them, and the company is exempt from formal valuation and minority shareholder approval requirements [4] - The common shares issued to insiders are subject to a four-month hold period as per TSX-V policies [4] Company Overview - Current Water Technologies is a technology company specializing in patented electrochemical technologies for wastewater treatment, desalination, and drinking water purification [5] - The company operates in sectors including mining, metal processing, chemical, agricultural, municipal, and waste management [5] - Pumptronics Incorporated, a division of the company, focuses on custom design and automation of integrated pump stations [5] Trading Information - The common shares of Current Water Technologies trade on Tier II of the TSX Venture Exchange under the symbol "WATR" [6]