River Birch Global Water Inc Closes Financing
NOT FOR DISTRIBUTION TO THE UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Toronto,Ontario (FSCwire) - River Birch Global Water Inc. ("River Birch" or the "Company") is pleased to announce that it has closed a non-brokered private placement of common shares of the Company for an undisclosed dollar amount with an offshore based hedge fund.
River Birch will use the proceeds of the offering to fund business development operations, advance and secure planned acquisitions, and for general corporate purposes.
Peter Deacon, River Birch's President and CEO comments, "We're very excited to have such a strong financial partner in our corner. We've put together a great group of professionals with various backgrounds who can get the job done, and now we have the financial resources to take us to the next level in building River Birch into a global leader in the water industry."
Ray Kolynchuk, Executive Director of River Birch adds, "We are very pleased to have completed the financing which sets the company on track for its longer term business growth strategy. There are several innovative water technologies the company is considering acquiring as it continues its growth into a pure play global water company."
About River Birch Global Water Inc.
River Birch Global Water Inc. aims to be a global leader in water technology and services. The company plans to grow both organically and through strategic acquisitions, leveraging synergies across its various business lines and distribution channel partners. The company focuses on desalination, purification, filtration, water treatment, waste water treatment, storage, circulation, and nutrient removal.
This press release is for informational purposes only. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. The securities were not approved or disapproved by any regulatory authority. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. Although River Birch believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because River Birch can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. River Birch undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of River Birch, its securities, or financial or operating results (as applicable). River Birch disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
For further information: Peter Deacon, CEO, t: (416) 500-8396, e: email@example.com
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Source: River Birch Global Water Inc.
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