/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, April 16 /CNW/ - Pure Technologies Ltd., TSX-V: PUR: announced
today that it has received a receipt for the filing of a preliminary short
form prospectus for a commercially reasonable efforts basis agency offering of
common shares of Pure for anticipated total proceeds of approximately
$15 million (the "Offering").
The exact number of common shares to be issued under the Offering and the
issue price per share will be determined prior to the filing of the final
prospectus. The closing of the Offering is anticipated to occur in early May
The net proceeds from the Offering will be used by Pure for general
working capital purposes, for the commercialization of new technologies, and
for the development of new opportunities and capital assets. The preliminary
short form prospectus has been filed in all provinces in Canada, except
The agent for the Offering is Canaccord Adams.
Closing of the Offering is subject to certain conditions, including
receipt of normal regulatory approvals.
About Pure Technologies Ltd.
Pure Technologies is an international technology company which has
developed patented and proprietary technologies for management and
surveillance of critical infrastructure around the world. Applications for
these technologies include water and wastewater pipelines, bridges, oil and
gas pipelines, transportation infrastructure, high-rise buildings, parking and
other critical structures. Pure provides its technologies from its
headquarters in Calgary, Canada and subsidiaries in Maryland, Arizona, and New
This release contains forward-looking statements. Forward-looking
statements, without limitation, may contain the words "believes", "expects",
"anticipates", "estimates", "intends", "plans", or similar expressions.
Forward-looking statements are not guarantees of future performance. They
involve risks, uncertainties and assumptions and the Company's actual results
could differ materially from those anticipated. Forward-looking statements are
based on the opinions and estimates of Management at the date the statements
are made, and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. In the context of any
forward-looking information please refer to risk factors detailed in, as well
as other information contained in, the Company's filings with Securities
(R) Registered Trademarks, property of Pure Technologies Ltd.
TM Trademark, property of Pure Technologies Ltd.
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"
For further information:
For further information: To find out more about Pure Technologies Ltd.
(TSX-V: PUR), visit our website at www.puretechnologiesltd.com. Or contact
James E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403)
266-6794 or e-mail to firstname.lastname@example.org.