Twitter Facebook LinkedIn YouTube

Alkaline Water Company has announced the pricing for a public offering of common shares

Video Platform Video Management Video Solutions Video Player

The company is looking to raise up to US$10 million from a prospectus offering of up to 4 million shares prices at $2.50 per share.

Additional Information:

Company: The Alkaline Water Company
Website: http://www.TheAlkalineWaterCo.com
Stock Symbol: TSXV: WTER
Date Published: Mar 8, 2019
Transcript: Available

Video Transcript:

I’m Nadika Vizzy for Investmentpitch Media

The Alkaline Water Company has announced the pricing for a public offering of common shares.

The company is looking to raise up to US$10 million from a prospectus offering of up to 4 million shares prices at $2.50 per share.

Alkaline has granted the underwriters a 30-day over-allotment option to purchase an addition 600,000 shares.

Canaccord Genuity LLC is acting as the sole bookrunner for the offering with Haywood Securities acting as co-manager.

Alkaline intends to use the net proceeds for general corporate purposes.

The shares are currently trading at US$2.85 on NASDAQ and CDN$3.85 on the TSX Venture Exchange.

The Alkaline Water Company Inc. is a leading producer of premium 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes sold under the brand name Alkaline88®.

The product is conveniently packaged 500-milliliter, 700-milliliter, 1-liter, 1.5-liter, 3-liter and 1-gallon sizes.

With eight co-packers nationwide, the company is ideally located within 600 miles of 95 percent of the US population.

The company’s flagship brand Alkaline88®, sold in more than 30,000 retail outlets, can be purchased in all 50 states and the District of Columbia.

The company is creating a new line of hemp extract-infused waters, subject to appropriate legal and regulatory approval, which it cautions are not currently being produced, distributed or sold.

For more information, please visit the company’s website at www.TheAlkalineWaterCo.com, contact James Gilmore, Investor Relations, at 480-656-2423 or by email at james@alkaline88.com.

I’m Nadika Vizzy for Investmentpitch Media