Alkaline Water to raise up to $4.6 million via sale of stock, warrants

Funds from best-efforts deal earmarked for loan repayment, purchases

By Marisa Wong

Morgantown, W.Va., Jan. 26 – Alkaline Water Co. Inc. plans to raise up to $4.6 million from a best-efforts, self-underwritten offering of common stock and warrants, according to an S-1 filing Tuesday with the Securities and Exchange Commission.

The company intends to offer 9 million shares of common stock along with warrants to purchase up to 3 million shares of common stock.

Proceeds will be used to repay loans, to make equipment and raw material purchases and for working capital.

The company’s stock closed at $0.70 (OTCWB: WTERD) on Monday.

The water products company is based in Scottsdale, Ariz.

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