Company Announcement - Current Water Technologies Inc. has appointed Dr. You-Zhi Tang as a director, effective immediately, and he will serve on the Audit and Compensation Committees of the Board [1][3] - Dr. Tang is an internationally recognized expert in cleantech with extensive experience in renewable energy projects and has multiple patents in hydrogen technologies and wastewater treatment [2] Leadership Changes - Dr. Gene Shelp, President and CEO, expressed enthusiasm for collaborating with Dr. Tang on a strategic hydrogen management plan related to the commercialization of the AmmEL-H2 wastewater treatment system [3] - Mr. Alex Kaszuba has stepped down as Director to accommodate Dr. Tang's appointment, having served on the Board since January 1, 2020 [3] Company Overview - Current Water Technologies focuses on applying patented "Electrochemical Technologies" for wastewater treatment, desalination, and drinking water purification, particularly in sectors like mining, metal processing, and agriculture [4]

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]