Brief: The Alkaline Water Company Provides Clarifications To Merger Announcement

Alkaline Water

10/09/2019 20:00

Alkaline Water Company Inc  WTER.O :
    * THE ALKALINE WATER COMPANY PROVIDES CLARIFICATIONS TO
MERGER
ANNOUNCEMENT
    * ALKALINE WATER COMPANY INC - TRANSACTION IS AN ARM'S
LENGTH
TRANSACTION
    * ALKALINE WATER COMPANY INC - AT REQUEST OF IIROC AND TSX
VENTURE
EXCHANGE PROVIDING A FEW CLARIFYING COMMENTS FURTHER TO NEWS
RELEASE OF SEPT 9
    * ALKALINE WATER COMPANY INC - THERE IS NO FINDER'S FEE
PAYABLE BY
COMPANY IN CONNECTION WITH TRANSACTION
    * ALKALINE WATER COMPANY - NO FINANCING CONTEMPLATED IN
CONNECTION
WITH TRANSACTION
    * ALKALINE WATER COMPANY INC - COMBINED CO'S PROJECTED
REVENUE OF
$65 MILLION FOR FY 2020 ON A PRO FORMA BASIS INCLUDES A GROSS
MARGIN OF ABOUT $26 MILLION OR 40%
    * ALKALINE WATER COMPANY INC - FOURTH NOMINEE FOR BOARD OF
COMBINED CO FOLLOWING TRANSACTION IS BRUCE LEITCH
    * ALKALINE WATER COMPANY INC - FOLLOWING TRANSACTION, IT IS
EXPECTED THAT BOARD WILL CONSIST OF FOUR NOMINEES OF COMPANY
    * ALKALINE WATER COMPANY- THREE NOMINEES TO BOARD FROM
AQUAHYDRATE
ARE IRA TOCHNER, MATTHEW HOWISON AND A FURTHER NOMINEE WHO WILL
BE NAMED AT LATER DATE

Source text for Eikon:  ID:nGNX9XknLr 
Further company coverage:  WTER.O