Xogen Technologies closes new financing

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By Ted Liu

Xogen Technologies Inc., a provider of industry and government with innovative wastewater treatment solutions, has closed a new round of financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]1.64 million from 63 investors from Alberta, BC, Ontario and Saskatchewan. Canaccord Genuity Corp. acted as placement agent and BUDD Law acts as legal counsel to Xogen. Xogen Technologies is controlled by its Chairman Robert W. Reisig, President and CEO of TruPoint Restoration Inc. a Calgary based Insurance contracting company that specializes in disaster remediation. [/mepr-active]

Orangeville, Ontario based Xogen has developed an advanced electrolysis oxidation technology to destroy a variety of contaminants in wastewater. Xogen’s patented technologies are capable of revolutionizing wastewater treatment in several specific large niche markets where the Xogen process is both more effective and less costly than any alternative.

photo credit: Xogen