PriceSensitive

Dominion Water Reserves Corp. (CSE:DWR) grants options

Consumer
CSE:DWR
09 March 2021 10:30 (EDT)

Dominion Water Reserves Corp. (DWR) is acquiring a 100% interest in the Sources Sainte-Cécile and Saint-Élie de Caxton Water Rights.

DWR will acquire all issued and outstanding shares of 3932095 Canada Inc. and Source Sainte-Cécile Inc. in exchange for 4,720,000 common shares of Dominion. 

DWR has granted a total of 6,499,066 incentive stock options to directors, officers and consultants under the company’s stock option plan.

The options are exercisable at a price of C$0.145 per share for a period of up to two years, expiring on March 5, 2023.

DWR’s primary business is to acquire fresh spring water permits and developing operations across Quebec with plans to expand across North America.

DWR currently controls more than 30% of Quebec’s volume of fresh groundwater reserves and is strategically positioned to increase its holding.

DWR’s mission is to acquire, manage and develop spring water assets building a critical mass in terms of capacity and strategically securing a leadership role in North America’s fresh spring water. 

Dominion Water Reserves Corp. (DWR) is down 3.13 per cent, trading at C$0.155 per share at 10:30 am EST.

Related News