By Devika Patel
Knoxville, Tenn., Sept. 24 - Aqua-Pure Ventures said it completed the initial tranche of a C$20 million private placement of stock, raising C$3 million. The deal priced Aug. 14.
The company plans to sell 20 million common shares total at C$1.00 per share. It sold 3 million shares to insiders in this tranche.
Proceeds will be used for the Parker County Water Supply Pipeline Project and for general working capital purposes.
Based in Calgary, Alta., Aqua-Pure provides industrial and municipal wastewater services.
| Issuer: | Aqua-Pure Ventures
|
| Issue: | Common shares
|
| Amount: | C$20 million
|
| Shares: | 20 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Pricing date: | Aug. 14
|
| Settlement date: | Sept. 24 (for C$3 million)
|
| Stock symbol: | TSX Venture: AQE
|
| Stock price: | C$0.89 at close Aug. 14
|
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