GUELPH, Ontario, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSX-V: WATR) ("CWTI" or "the Company" or "the Corporation"), is pleased to provide an update to its March 17, 2025 press release. Fabrication of the electrochemical water treatment system followed by a comprehensive in-house test program has been completed. The system is scheduled to be shipped to the client within the next 1-2 weeks. The Company and our partner anticipates that the successful implementation of this system w ...

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]