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  • Water Ways (WWT) announces the fulfillment of all conditions to its recently announced oversubscribed private placement closings for gross proceeds equal to CAD$4.44M
  • The company paid a finder’s fee of $310,436 in cash and 3,388,801 finder warrants
  • Water Ways Technologies Inc. is a global provider of Israeli-based agriculture technology
  • Water Ways Technologies Inc. (WWT) is trading at C$0.14 at 9:30 am PT

Water Ways Technologies Inc. (WWT) has fulfilled the conditions of its private placement resulting in the release of $4,444,742 from escrow.

Each unit, priced at $0.12, includes one common share of the company and one common share purchase warrant. Each whole Warrant entitles the holder thereof to acquire one additional common share of the company.

In connection with the financing, the company issued an aggregate cash payment of $310,436, an amount equal to 7 per cent of the aggregate gross proceeds and 3,388,801 finder warrants, an amount equal to 9 per cent of the Units sold pursuant to the Financing.

Ohad Haber, Chairman and Chief Executive Officer, commented,

“The closing of this financing provides us with the financial strength to execute our business plan and pursue the significant global market opportunities, assisting us in our future growth and profitability.”

“We experienced increased investor demand, which allowed the company to increase the size of the financing. I would like to thank all the investors in Canada and Israel for their confidence in the Water Ways strategy, many of whom have been valued shareholders from our RTO in 2019 and participated in this financing as well,” added Haber.

Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers.

Water Ways Technologies Inc. (WWT) is trading at C$0.14 at 9:30 am PT.

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