MONTREAL, Sept. 30, 2013 /CNW Telbec/ - The Caisse de dépôt et placement du Québec (the "Caisse") announced that, under the terms of a subscription agreement, it has subscribed for 4,250,000 common shares of H2O Innovation inc. ("H2O Innovation") (TSX Venture Exchange: HEO) representing 6.08 % of H2O Innovation's outstanding common shares, at a price of CA $0.22 per share.
H2O Innovation Inc. is a growing Québec company that designs, manufactures and assembles custom-built water treatment systems throughout North America.
The subscription was made through a private placement under the accredited investor exemption provided by applicable securities regulation.
Prior to this transaction, the Caisse held 5,793,653 common shares of H2O Innovation.
Following this transaction, the Caisse now holds 10,043,653 common shares of H2O Innovation, representing 14.38% of such shares outstanding.
The Caisse may increase or decrease its interest in H2O Innovation based on market conditions or other relevant factors.
This news release is issued in accordance with the early warning requirements stipulated by securities regulation, which require that investors, including the Caisse, issue and file a news release and a report, when they acquire beneficial ownership of securities with voting rights that would represent, with the securities they already hold, 10% or more of the outstanding shares of the class.
In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.
SOURCE: Caisse de dépôt et placement du Québec
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