Suntec Announces Closing of Private Placement



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
    THE U.S./

    Symbol: SUT: TSX Venture Exchange

    CALGARY, March 9 /CNW/ - Suntec Pure Water Technologies Inc. ("Suntec")
(TSX-V: SUT) is pleased to announce the closing of its non-brokered private
placement of $120,000 in principal value of 10% unsecured, subordinated
debentures (the "Debentures"). Suntec issued an aggregate of 240,000 common
share purchase warrants (the "Warrants") to the purchasers of the Debentures.
The Warrants have a two year term with each Warrant being exercisable for one
common share of Suntec at an exercise price of $0.25 per share during the
first year and of $0.30 per share during the second year. The Debentures
mature two years from the date of issue. The securities have been sold to
accredited investors and other qualified purchasers, on a private placement
basis. Proceeds of the financing will be used to meet current liabilities and
for general corporate purposes. The Warrants issued under this private
placement, and the common shares into which the Warrants are exercisable, will
be subject to a four-month hold period. Insiders of Suntec participated for
$50,000 or 41.66% of this private placement.

    About Suntec

    Suntec Pure Water Technologies Inc. treats and recycles oilfield waste
water and sells recycled water, methanol water and potassium chloride. Waste
water and sand is transported by truck from well fracturing operations to
Suntec's oilfield waste water treatment facility, located approximately
80 kilometers southeast of Calgary, Alberta. The recycling process removes
residual contaminants from the water. Treated and recycled water, methanol
water and potassium chloride are sold and trucked to oil and gas industry
operators for re-use in the oil and gas drilling and development process while
the sand is shipped to a recycler. The waste water, as treated and recycled by
Suntec, would otherwise be disposed of through the existing method of deep
well injection, removing the water from the hydrological cycle.
    Suntec's common shares trade on the TSX Venture Exchange under the symbol
"SUT".

    This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities in any jurisdiction. The common
shares of Suntec will not be and have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in
the United States, or to a U.S. person, absent registration or applicable
exemption therefrom.

    Forward Looking Statements:

    Statements made in this news release that relate to future plans,
expectations, events or performances are forward-looking statements. Such
statements involve risks and uncertainties and are based on current
expectations. Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.





For further information:

For further information: Suntec Pure Water Technologies Inc., 600,
205-5th Avenue S.W., Calgary, Alberta, T2P 2V7, Attention: Gene Moody,
President & Chief Executive Officer, Telephone: (403) 294-1101

Organization Profile

SUNTEC PURE WATER TECHNOLOGIES INC.

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