Boreal Water completes $250,000 private placement of 7.5% debentures

Company sells units of one debenture, warrants for 1,352,532 shares

By Devika Patel

Knoxville, Tenn., Nov. 18 – Boreal Water Collection, Inc. settled a $250,000 private placement of 7.5% two-year secured debentures with Saleh Al Sagri on Nov. 16, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 250 units of one $1,000 secured debenture and warrants for 1,352,532 common shares at $1,000 per unit.

Each warrant is exercisable at $0.0075 for two years.

Based in Kiamesha Lake, N.Y., the company sells made-to-order, private-label bottled water.

Issuer:	Boreal Water Collection, Inc.
Issue:	Units of one $1,000 secured debenture and warrants for 1,352,532 common shares
Amount:	$250,000
Units:	250
Price:	$1,000
Maturity:	Two years
Coupon:	7.5%
Warrants:	Warrants for 1,352,532 shares per unit
Warrant expiration:	Two years
Warrant strike price:	$0.0075
Investor:	Saleh Al Sagri
Settlement date:	Nov. 16
Stock symbol:	OTCBB: BRWC
Market capitalization:	$1.82 million

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