/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, April 11 /CNW/ - Pure Technologies Ltd., TSX-V: PUR: announced
today that it intends to file 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 is intended to be filed in all
provinces in Canada, except Quebec.
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
Forward-Looking Statements 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 Regulators (www.sedar.com).
(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 email@example.com.