Alkaline Water Company Announces a $1.825 Million Registered Public Offering With Institutional Investors
April 29 2014 - 8:00AM
Marketwired
Alkaline Water Company Announces a $1.825 Million Registered Public
Offering With Institutional Investors
SCOTTSDALE, AZ--(Marketwired - Apr 29, 2014) - The Alkaline
Water Company Inc. (OTCBB: WTER) ("Alkaline Water" or the
"Company"), which has developed an innovative state of the art
proprietary electrolysis beverage process which is packaged and
sold in 3 liter and 1 gallon sizes under the trade name Alkaline88,
is pleased to announce that it has received commitments from
institutional investors to purchase an aggregate of $1,825,000 of
the Company's common stock in a registered public offering at a
price of $0.15 per share. In addition, the Company will issue to
the investors immediately exercisable warrants to purchase up to an
aggregate of approximately 6.08 million shares of common stock,
which warrants shall have a term of 5 years and an exercise price
of $0.15. The offering is expected to close on or about May 1,
2014, subject to satisfaction of customary closing conditions.
Alkaline Water plans to use the net proceeds from this financing
for capital investments, the redemption of certain outstanding
securities, and general working capital.
H.C. Wainwright & Co., LLC acted as the exclusive placement
agent in connection with the offering.
The securities described above are being offered by Alkaline
Water pursuant to a registration statement (File No. 333-192599),
which was declared effective by the United States Securities and
Exchange Commission, or the SEC, on April 16, 2014. A prospectus
supplement related to the offering will be filed with the SEC. The
securities may only be offered by means of a prospectus. Copies of
the prospectus and prospectus supplement can be obtained directly
from Alkaline Water and at the SEC's website at www.sec.gov or by
request at H.C. Wainwright & Co., LLC by e-mailing
placements@hcwco.com.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of Alkaline Water's common stock or
warrants. No offer, solicitation or sale will be made in any
jurisdiction in which such offer, solicitation or sale is
unlawful.
Additional details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer with the
Securities and Exchange Commission ("SEC") available at
www.sec.gov. For more information, visit our website at
www.thealkalinewaterco.com.
The Alkaline Water Company, Inc. (OTCBB: WTER) The Alkaline
Water Company Inc. has developed an innovative, state of the art,
proprietary electrolysis process that produces healthy alkaline
water for a balanced lifestyle. The company is focused on the
business of distributing and marketing the retail sale of its
cost-effectively packaged Alkaline88 water beverage products. Visit
us at: www.thealkalinewaterco.com.
About Alkaline Water Products Alkaline88's premier alkaline
water is an 8.8 pH balanced bottled alkaline drinking water
enhanced with trace minerals and electrolytes. The product offers
consumers the unique opportunity to purchase alkaline water in
conveniently packaged three liter and one gallon sizes (plus 700ml
in select markets). The Alkaline Water Company Inc. is currently in
the midst of a national mass markets expansion program and is
already available for consumer sales at a growing number of major
retail locations across many parts of the United States. Learn more
about the science behind alkaline water by visiting
www.thealkalinewaterco.com.
Notice Regarding Forward-Looking Statements This press release
contains certain statements that may include "forward-looking
statements." All statements other than statements of historical
fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions, involving known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company's actual results
could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including the risk factors discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on the SEC's website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these risk factors. Other than as required under the securities
laws, the Company does not assume a duty to update these
forward-looking statements.
Contact: WTER Investor Relations Phone: +1.480.656.2423
Email: investors@thealkalinewaterco.com Website:
www.thealkalinewaterco.com
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