Investorideas.com newswire, commentary for water sector

Thursday, September 30, 2010

TSX Water Stocks News; Arrowhead Water (TSX VENTURE:AWA)Announces Share Consolidation

TSX Water Stocks News; Arrowhead Water (TSX VENTURE:AWA) Announces Share Consolidation
CALGARY, ALBERTA--(http://www.investorideas.com/ water stocks blog ) - Sept. 30, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.

Arrowhead Water Products Ltd. ("Arrowhead" or the "Company") (TSX VENTURE:AWA) is pleased to announce that effective October 1, 2010 the Company shall consolidate its Class A Common Shares on a one (1) new Class A Common Share for five (5) old Class A Common Shares (1:5) basis (the "Consolidation"). The Consolidation was approved by shareholders at the annual and special meeting of the Company which was held on August 25, 2010 as well as by the TSX Venture Exchange ("TSXV"). The Board of Directors believes that the Consolidation should enhance the marketability of the shares of the Company.
Registered shareholders of the Company will be requested to deliver their share certificates representing the pre-Consolidation Class A Common Shares to the Company's transfer agent against delivery of new certificates representing the post-Consolidation Class A Common Shares. A letter of transmittal for the exchange of the shares will be sent to the shareholders concurrent with the issuance of this news release or shortly thereafter. No action is required by non-registered shareholders, who hold securities of the Company through an intermediary, to effect the Consolidation of their beneficially held securities.
As a result of the Consolidation, the Company's issued and outstanding common shares shall decrease from 72,461,146 Class A Common Shares (pre-consolidation) to approximately 14,492,229 Class A Common Shares (post-consolidation), subject to rounding. The post-Consolidation Class A Common Shares will commence trading on the TSXV under the new trading symbol "AWA" on October 1, 2010. Further details with respect to the Consolidation are disclosed in the Company's Management Information Circular dated July 29, 2010, which has been electronically filed with regulators and available for viewing through the Internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
About Arrowhead Water
Arrowhead Water is Canada's largest Canadian owned, publicly traded water company which is engaged in the production, sale and distribution of large format bottled drinking water (including the new one-way bisphenol free 15 litre bottle and traditional 18.9 litre (5 gallon) bottle). Arrowhead produces and delivers bottles of reverse osmosis, distilled and natural spring water to the Western Canadian retail and wholesale market. Arrowhead remains committed to continually improve its level of service to its customers and to provide positive returns to its shareholders.

Pre-Consolidation Issued and Outstanding Shares: 72,461,146
Post-Consolidation Issued and Outstanding Shares: 14,492,229

READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Arrowhead Water Products Ltd.
Donald W. Wood
President and Chief Executive Officer
(403) 692-8259
(403) 243-1485 (FAX)
dwood@arrowheadwater.ca

or
Arrowhead Water Products Ltd.
5730 Burbank Road SE
Calgary, Alberta T2H 1Z4

More water stocks info and water stocks research resources for investors:
 
Visit the water stocks directory, one of the most comprehensive water stocks directory online- Publicly traded water companies on global stock exchanges: http://www.investorideas.com/Water-Stocks/Stock_List.asp
 
 Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space.
 
Water stocks- become a showcase water stock at www.investorideas.com and www.water-stocks.com for as little as $1000 month !
Post a Comment

Water Stocks News at Investorideas.com