Arrowhead Water Products Ltd.

Arrowhead Water Products Ltd.

October 24, 2013 09:30 ET

Arrowhead Water Closes Private Placement

CALGARY, ALBERTA--(Marketwired - Oct. 24, 2013) - Arrowhead Water Products Ltd. (TSX VENTURE:AWA) ("Arrowhead" or the "Company") is pleased to announce that it closed its previously announced private placement of 5 million common shares at a price of $0.30 per share. The private placement was fully subscribed for gross proceeds of $1,500,000. The Company paid finder's fees of $90,000 and issued 220,400 finder's fee warrants to PI Financial Corp. of Vancouver, British Columbia. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. 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.

On behalf of the Board of Directors of the Corporation and for further information please contact Jeff Ciachurski or Ross O. Drysdale.


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.

19,492,229 Common Shares Issued

Contact Information

  • Arrowhead Water Products Ltd.
    Jeff Ciachurski, Chairman and Chief Executive Officer
    9 Landport, Newport Beach
    California, USA 92660
    Cell: (949) 903-5906

    Arrowhead Water Products Ltd.
    Ross O. Drysdale, Director
    730, 1015 4th Street SW
    Calgary, Alberta T2R 1J4
    (403) 508-6256