Arrowhead Water Products Ltd.

TSX VENTURE : AWA


Arrowhead Water Products Ltd.

February 26, 2013 13:36 ET

Arrowhead Water Products Announces First Quarter Financials and Results of Annual and Special Meeting

CALGARY, ALBERTA--(Marketwire - Feb. 26, 2013) -

NOT FOR DISSEMINATIONS IN THE UNITED STATES OR TO US PERSONS.

Arrowhead Water Products Ltd. (TSX VENTURE:AWA) ("Arrowhead" or the "Company") reports its unaudited interim consolidated financial and operating results for the First Quarter ended December 31, 2012. For complete disclosure of Arrowhead's First Quarter financial results, please go to www.SEDAR.com and view documents listed under the Company's name.

The Company also announces that all resolutions, including the special resolution authorizing the directors to sell all or substantially all of the assets (the "Assets") of the Company to Ice River Springs Water Co. Inc., were approved at the Company's Annual and Special Meeting held on February 15, 2013. Subject to regulatory and final approval of the TSX Venture Exchange, the Company plans to proceed with the sale of the Assets which is scheduled for February 28, 2013.

Arrowhead also advises that its Board of Directors following the annual meeting is comprised of previous directors Donald W. Wood, Ross O. Drysdale and J. Michael Nicolichuk and new director Ian F. T. Kennedy. Ronald S. Farquhar resigned after the Annual Meeting and the Board of Directors would like to thank him for his contributions to the Company.

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the bottling business, development, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, environmental risks, competition, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company's 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 so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

14,492,229 Common Shares Issued

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.

Contact Information

  • Arrowhead Water Products Ltd.
    Donald W. Wood
    President and Chief Executive Officer
    Calgary, Alberta
    (403) 692-8259
    dwood@arrowheadwater.ca

    Arrowhead Water Products Ltd.
    Ross O. Drysdale
    Director
    Calgary, Alberta
    (403) 585-3737
    ross@drysdalelaw.com