Suntec Pure Water Technologies Inc.
TSX VENTURE : SUT

August 23, 2005 16:40 ET

Suntec Pure Water Technologies Inc.: News Release

CALGARY, ALBERTA--(CCNMatthews - Aug. 23, 2005) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Suntec Pure Water Technologies Inc. (TSX VENTURE:SUT) announces that it has closed its previously announced equity offering of 240,000 common shares of the company at a price of $0.375 per share, on a private placement basis (the "Offering"), for gross proceeds of $90,000. The proceeds of the Offering will be used for working capital purposes. Each of the five directors of the Company subscribed for 40,000 shares under the Offering. As a result, the direct voting interest in the Company of each director has increased to the extent of that director's participation in the Offering.

The securities issued under the Offering are subject to a four month hold period. No bonus, finder's fee, commission or agents options were paid in connection with the Offering.

Forward Looking Statements:

Statements made in this news release that relate to future plans, expectations, events or performances are forward-looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Suntec Pure Water Technologies Inc.
    Gene Moody
    President & Chief Executive Officer
    (403)-294-1101
    or
    Suntec Pure Water Technologies Inc.
    3500, 205-5 Ave. S.W.
    Calgary, Alberta T2P 2V7