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DWR - Dominion Water Reserves News Story

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Last Trade - 16/04/21

Sector
Utilities
Size
Micro Cap
Market Cap £3.92m
Enterprise Value £3.91m
Revenue £n/a
Position in Universe 2174th / 2713

Dominion Water Reserves Corp. Announces New Director and Leadership Changes

Wed 23rd December, 2020 1:30pm
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MONTREAL, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Dominion Water Reserves Corp.
(“DWR” or the “Company”) (CSE: DWR), is pleased to announce the
appointment of Mr. Alexandre Côté as a Director of the Company. Mr. Côté
joins the Board following the resignation of Mr. Quentin Yarie. The Company
would like to thank Mr. Yarie for his contribution to the Company.

Mr. Côté is currently the Managing Director of Hybrid Financial. Prior to
co-founding Hybrid Financial, Alexandre Côté was a Managing Director at AXA
Canada where he helped create a Guaranteed Investment Funds platform. His team
launched one of the first traditional fixed income funds listed in Canada. He
also worked as VP of sales at OpenSky Capital, the largest independent
marketer of structured products in Canada with over $3 billion in assets. As
one of the first employees, he helped establish and develop the company. Mr.
Côté started his career at Talvest, where he was responsible for a region
with approximately $500 million of AUM. Mr. Cote earned a B.A. in Commerce
from Laval University.

In addition, the Company announces that Mr. Andrew Lindzon has stepped down as
CEO but will remain as a Director of the Company and will be replaced by Mr.
Germain Turpin, a director and the current VP Finance of the Company, who will
be the Interim CEO.

Mr. Turpin has 20 Years of experience in the Quebec water industry and in the
former owner of two of the assets held by DWR. Germain’s sector knowledge
combined with his experience as an operator will be major assets in the
marketing and distribution of our renewed international assets, spring water,
silicon water (13.2%) and water from the largest esker in Canada.

The Company also wishes to update that it has completed the previously
announced transaction with Aquanor Inc. (“Aquanor”) (please see press
release dated October 27, 2020) and issued 714,826 common shares, at a deemed
issue price of $0.35, to Aquanor as partial consideration for the acquisition
of all of the issued and outstanding securities of 11973002 Canada Inc. which
owns a 100% interest in the St-Joseph de Coleraine water sources. The shares
are subject to a hold period of four months and one day.

About Dominion Water Reserves Corp.

DWR’s operations are based in Quebec, with its primary business being a
consolidator of the water industry by acquiring fresh spring water permits and
developing operations across Quebec with plans to expand across North America.
DWR currently controls more than 30% of Quebec’s volume of fresh groundwater
reserves currently under permit and is strategically positioned to increase
its holding. DWR’s mission is to acquire, manage and develop spring water
assets building a critical mass in terms of capacity and strategically
securing a leadership role in North America’s fresh spring water.  The
corporation prioritizes sustainability and environmental consciousness. A
strong governance structure is in place to ensure that the corporation carries
out its business responsibly, applying the highest social and environmental
standards.

For further information please contact
Jean Gosselin
Phone: 514-394-7717
Email: jgosselin@dwrcorp.ca

Neither the CSE nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.

SOURCE: Dominion Water Reserves Corp.

(https://www.globenewswire.com/NewsRoom/AttachmentNg/5bf6a75c-61b9-4044-9493-172dd530e481)



GlobeNewswire, Inc. 2020
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