By Laura Lutz
Des Moines, April 16 - H2O Innovation (2000) Inc. announced plans for a C$15 million private placement of units.
The company intends to sell units of one share and one warrant at C$1.75 per unit. Each whole warrant will be exercisable at C$2.30 for two years.
Amsterdams Effectenkantoor BV will act as agent.
The proceeds will be used for the planned acquisition of a U.S.-based wastewater equipment company and for working capital.
H2O is a Quebec-based drinking water production and treatment company.
| Issuer: | H2O Innovation (2000) Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$15 million
|
| Price: | C$1.75
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$2.30
|
| Agent: | Amsterdams Effectenkantoor BV
|
| Pricing date: | April 16
|
| Stock symbol: | TSX Venture: HEO
|
| Stock price: | C$1.85 at close April 13
|
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