Arrowhead Water Products Ltd.
TSX VENTURE : AWA

Arrowhead Water Products Ltd.

September 12, 2013 13:13 ET

Arrowhead Announces Private Placement

CALGARY, ALBERTA--(Marketwired - Sept. 12, 2013) - Arrowhead Water Products Ltd. ("Arrowhead" or the "Company") (TSX VENTURE:AWA) announces that it has arranged a non-brokered private placement of 5 million common shares at a price of $0.27 per share for gross proceeds of $1,350,000. There will be no warrants attached to the private placement. Arrowhead will pay a finder's fee to PI Financial Corp. in the amount of 6% cash of the total proceeds together with 6% finder's fee warrants exercisable at a price of $0.27 per share for a period of two (2) years. The above private placement is subject to TSX Venture Exchange approval. Closing of the Private Placement is anticipated to be on or before September 30, 2013. The proceeds of the Private Placement will be used for general corporate purposes, working capital and transacting new business acquisitions in the energy efficiency field.

READER ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

14,492,229 Common Shares Issued

Contact Information

  • Arrowhead Water Products Ltd.
    Jeff Ciachurski
    Chairman and Chief Executive Officer
    Cell: (949) 903-5906
    westernwind@shaw.ca
    Newport Beach, California

    Arrowhead Water Products Ltd.
    Ross O. Drysdale
    Director
    Office: (403) 508-6256 or Cell: (403) 585-3737
    ross@drysdalelaw.com
    Calgary, Alberta