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New Listing: Dominion Water Reserves Corp. (CSE:DWR)

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The company was formed in October 2015, by environmentally conscious entrepreneurs, with a business strategy to consolidate the spring water market, initially in the Province of Quebec, by acquiring additional water rights to reach over 70% of the spring water volume under permit, either through equity issuance, reinvestment of revenues or additional equity financings.

Additional Information:

Company: Dominion Water Reserves Corp.
Website: http://www.DominionWR.com
Stock Symbol: CSE: DWR
Date Published: Aug 10, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Dominion Water Reserves Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “DWR”.

The company was formed in October 2015, by environmentally conscious entrepreneurs, with a business strategy to consolidate the spring water market, initially in the Province of Quebec, by acquiring additional water rights to reach over 70% of the spring water volume under permit, either through equity issuance, reinvestment of revenues or additional equity financings.

Norman Forrest, President and CEO, stated: “To be listed on the CSE is a critical milestone for DWR, which combined with the closing of our financing, will provide us with the capital to undertake our journey of becoming a global leader in spring water. Our initial focus will be to rapidly secure additional springs and put in place the production capabilities of our Quebec esker water source. We are committed to developing and expanding our business to other regions around North America, to create a positive environmental benefit and deliver long-term value to our shareholders.”

Under DWR Water Rights, the company has two primary water source, Duhamel and Notre-Dame-du-Laus.

Duhamel constitutes the largest volume spring in the Province of Quebec providing over 2 billion liters of water per year.

Located in the Laurentides region of Quebec, Notre-Dame-du-Laus is a rare esker, a glacial formation and 1 of only 2 in Province of Quebec, will provide approximately 1 billion litres of unique water.

There are less than 50 water permits in the Province of Quebec similar to the DWR Water Rights, representing a considerable barrier to market entry.

Securing water permits can take several years and in recent decades the Quebec government has considerably reduced the issuance of such permits.

These permits are based on the renewable rate of the aquifer, in other words, the amount of water extracted cannot exceed the natural replenishing rate of the well, with certified hydrologists calculating the replenishing rate every ten years to update the permits.

With the objective of deriving steady revenues while keeping operation costs low, the company intends to sell high volumes of bulk water to bottlers as well as microbrewers, micro-distillers, and specialty food providers, whose products will gain value through the marketing positioning of being produced with spring water as opposed to municipal treated water.

Although the highest margins in the spring water industry are made at the consumer level once the water is sold in a bottle under a brand with a strong brand equity, the company intends to focus its capital and human resources on the asset play and portfolio expansion rather than try to penetrate the costly and saturated water bottle market.

The shares are currently bid at $0.50 with no shares offered, and no trades to date.

For more information, please visit the company’s website www.DominionWR.com, contact Jean Gosselin at 514-707-0223 or by email at jgosselin@DWRcorp.net.

I’m Megan Edwards for Investmentpitch Media