GWR GLOBAL WATER RESOURCES CORP. FILES FOR INITIAL PUBLIC OFFERING
/This release is intended for distribution in Canada only and is not to be distributed to United States newswire services or disseminated in the United States/
PHOENIX, Oct. 18 /CNW/ - GWR Global Water Resources Corp. ("Global Water") announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering ("the Offering") of its common shares ("the Common Shares"). Global Water is a corporation that was formed to acquire a minority interest in Global Water Resources, Inc. (''GWRI''). GWRI is a leading water resource management company that owns and operates water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona.
The underwriting syndicate for the offering is led by Clarus Securities Inc. and CIBC World Markets Inc.
The preliminary prospectus is subject to completion or amendment and there will not be any sale or any acceptance of an offer to buy the Common Shares until a receipt for the final prospectus has been issued. Completion of the Offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.
The Common Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Common Shares, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About GWRI
GWRI is a Phoenix-based water resource management company that owns regulated water, wastewater and recycled water utilities and provides technology-enabled services through its unique technology platform, FATHOM™ Utility-to-Utility (U2U™) Solutions. Initially developed by GWRI to support and optimize its own utilities, FATHOM™ is an integrated suite of advanced technology-enabled products designed to increase revenue, decrease costs and bring heightened efficiencies to municipally-owned utilities.
For further information:
James Smith, the Equicom Group
Investor Relations
Tel: 416-815-0700 ext. 229
Email: [email protected]
www.gwresources.com
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