- Water Ways Technologies (WWT) has announced a private placement for gross proceeds of up to C$313,950
- The company will issue up to 2,415,000 units at a price of $0.13 per unit
- The company also announced a private placement of convertible debentures for gross proceeds of up to $102,000
- Water Ways designed the system for the specific needs of cannabis growers and cultivators worldwide
- Water Ways Technologies Inc. (WWT) opened trading at C$0.125 per share
Water Ways Technologies (WWT) has announced a private placement for gross proceeds of up to C$313,950.
The company will issue up to 2,415,000 units at a price of $0.13 per unit. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share.
The company announced a concurrent private placement of up to 10 convertible debenture units at a price of $10,200 per CD unit for gross proceeds of up to $102,000. Each convertible debenture unit consists of one unsecured convertible debenture with a principal amount of $10,200 and 42,500 half CD share purchase warrants. Each whole CD warrant is exercisable into one additional common share.
Water Ways uses Israeli-based agriculture technology to provide water irrigation solutions to agricultural producers. It competes in the global irrigation water systems market with a focus on developing solutions with commercial applications.
Water Ways Technologies Inc. (WWT) opened trading at C$0.125 per share.