Aqua-Pure Ventures Inc. Announces $20 Million Equity Financing


    TSXV: AQE                                   

    CALGARY, Aug. 14 /CNW/ - Aqua-Pure Ventures Inc. announces that it
intends to offer for sale on a private placement basis common shares for
aggregate gross proceeds of a maximum of $20 million. The common shares will
be offered at a price of $1.00 per share to eligible investors.
    Aqua-Pure intends to use the proceeds of the financing for the Parker
County Water Supply Pipeline Project and for general working capital. Subject
to receipt of regulatory approvals, closing is expected to occur on or about
August 29, 2008.
    It is anticipated that any shares not subscribed for by August 29, 2008
will be purchased by insiders of Aqua-Pure. A minimum of 3 million shares are
to be placed with officers, directors and persons related to such individuals.

    Aqua-Pure is a leading provider of industrial and municipal wastewater
services and technology solutions that ensure environmental sustainability
through utilization of patented and proprietary technologies. The
Corporation's common shares are listed on the TSX Venture Exchange under the
trading symbol "AQE".

    The securities offered 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 absent registration or any applicable exemption from the
registration requirements of such Act. This press release does not constitute
an offer to sell or the solicitation of an offer to buy nor will there be any
sale of the securities in any state in which such offer, solicitation or sale
would be unlawful.

    This press release contains forward-looking information. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ from those

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

For further information:

For further information: or: Richard Magnus,
Chairman, Tel: (403) 301-4123, Cell: (403) 471-8733

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890