GUELPH, Ontario, April 30, 2018 (GLOBE NEWSWIRE) -- Current Water Technologies Inc. (TSX-V:WATR)
("CWTI" or "the Company" or "the Corporation"), announces that it has granted a
total of 500,000 incentive stock options to two consultants. The options are exercisable at a price of $0.15 for a period of
5 years from the date of grant.
The grants are subject to acceptance by the TSX Venture Exchange.
The Company currently has an outstanding capital of 147,600,252 common shares with 12,725,000 common shares
reserved for issuance on the exercise of outstanding stock options.
MR. BERNARD GILLERY STEPS DOWN AS
DIRECTOR
Mr. Bernard Gillery has stepped down as director. We would like to thank Mr. Gillery for his service over the
past three years. We wish him well in his personal life and future endeavours. The Board of Directors is currently in discussions
with potential candidates.
Neither the TSX Venture Exchange Inc. 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.
About Current Water Technologies Inc.
Current Water Technologies is a “Technology Company” applying its patented and proprietary
“Electrochemical Technologies” to the treatment of waste water, desalination water and drinking water contaminated by metals or
nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste
management sectors. Pumptronics Incorporated, a division of the Company, is an integrated pump station manufacturer specializing in
custom design and automation.
The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@currentwatertechnologies.com
Web Site: www.currentwatertechnologies.com
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and
other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks
relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the
date hereof. Certain statements contained in this press release and in certain documents incorporated by reference
into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the
expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release
should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise.
