IWS completes $725K final tranche of private placement

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By CPE News

Vancouver (pcJ News Briefs) – International Wastewater Systems Inc. (CSE: IWS; FSE: IWI; OTCPK: INTWF) has closed the final tranche of its brokered private placement led by Haywood Securities Inc.

International Wastewater Systems issued 2,417,000 units at $0.30 per unit for gross proceeds of $725,100. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common shares until February 27, 2019 at an exercise price of $0.40 per Share.

International Wastewater Systems raised aggregate gross proceeds of $2,205,655 pursuant to the non-brokered placement and the brokered placement.

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.

photo credit: International Wastewater Systems