International Wastewater Systems Closes Brokered Financing Tranche

International Wastewater Systems Closes Brokered Financing Tranche

VANCOUVER, B.C., February 27, 2017 – International Wastewater Systems Inc. (the “Company”) (CSE: IWS) (FRANKFURT: IWI) (OTC: INTWF) is pleased to announce, further to its news release dated January 19, 2017, the closing of the first tranche of the Company’s brokered private placement (the “Brokered Placement”), led by Haywood Securities Inc. as agent.

Pursuant to the first tranche of the Brokered Placement, the Company has issued 2,659,850 units (“Units”) at a price of $0.30 per Unit for gross proceeds of $797,955. Each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder to purchase one Share for a period of two years from the date of issuance at an exercise price of $0.40 per Share (“Brokered Placement”).

The Company has paid cash commissions in the amount of $59,846.63, being 7.5% of the aggregate gross proceeds from the sale of Units under this tranche of the Brokered Placement. The Company has also issued to the Agent and its designee 199,488 non-transferrable warrants (“Agent’s Warrants”), being 7.5% of the number of Shares sold under this tranche of the Brokered Placement. Each Agent’s Warrant entitles the holder to purchase one Share at a price of $0.30 for two years from the closing date.

All securities distributed pursuant to the Brokered Placement are subject to a statutory hold period of four months and a day from the date of issuance.

ON BEHALF OF THE BOARD

“Lynn Mueller”

Lynn Mueller

Chairman and Chief Executive Officer

FOR MORE INFORMATION, PLEASE CONTACT:

Yaron Conforti, CFO and Director

Telephone: (416) 716-8181

Email: [email protected]

About International Wastewater Systems Inc.

International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE: IWS), the United States (OTC:INTWF) and Germany (Frankfurt: IWI).

The CSE does not accept responsibility for the adequacy or accuracy of this release.

About SHARC Energy

SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings.

SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA

ON BEHALF OF THE BOARD

Lynn Mueller
Chairman and Chief Executive Officer

INVESTOR INQUIRIES

Hanspaul Pannu
Chief Financial Officer
(604) 475-7710 ext. 4

MEDIA INQUIRIES

Mike Tanyi
Director of Marketing and IT 
(604) 475-7710 ext.109

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements 

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 


[1] Sales Pipeline is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the nine months ended September 30, 2021 MD&A.

[2] Sales Order Backlog is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the nine months ended September 30, 2021 MD&A.

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