AQUA-PURE VENTURES INC. ENGAGES CANACCORD GENUITY CORP. TO EVALUATE STRATEGIC ALTERNATIVES
Aqua-Pure Ventures Inc. and its wholly owned subsidiary, Fountain Quail Water Management LLC, have retained the services of Canaccord Genuity Corp. to act as Aqua-Pure's adviser in connection with its exploration of strategic alternatives for the company. The company intends to evaluate a broad range of financial and strategic alternatives, including, but not limited to, seeking additional financing to support the long-term development of its assets, seeking financial and/or industry partners to participate in the development of its assets, selling some of or all of the company's assets or interests in those assets, and the possible sale of the company, among other alternatives.
As previously disclosed in the interim financial statements for the period ended Sept. 30, 2014, material uncertainty exists as to the company's ability to continue as a going concern. As previously disclosed in the news release dated April 10, 2015, material uncertainty exists as to the company's ability to continue to comply with its continuous disclosure obligations.
Trading in the securities of Aqua-Pure should be considered highly speculative.