Water Ways Raises $581K Via Private Placement

Water Ways Technologies Inc.  (TSXV:WWT) (FRA:WWT) revealed that further to its recently announced private placement, the closing, subject to receipt of all regulatory approvals and final TSX Venture Exchange approval, of the financing of 746 units at a price of CA$1,000 ($779.27) per CD unit, for gross proceeds of CA$746,000.

Each CD unit is comprised of one unsecured convertible debenture with a principal amount of CA$1,000 and 2,857 common share purchase warrant with each CD warrant exercisable, upon payment of an additional CA$0.45, into one additional common share in the capital of the company until July 22, 2024. Pursuant to the financing the company will issue an aggregate 2.13 million CD warrants.

If the company does not repay the subscription price on or before July 22, 2024, the term will be extended by an additional 12 months and the company will be obligated to pay a one time penalty, in cash only, equal to 10% of any amounts …

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Water Ways Raises $581K Via Private Placement on Benzinga