Vancouver, British Columbia, Oct. 17, 2016 (GLOBE NEWSWIRE) -- Quest Water Global, Inc. (OTC Pink: QWTR) ("Quest" or the “Company”), an innovative water technology company, and developer of the AQUAtap™ Community Drinking Water Station and WEPSTM Atmospheric Water Extraction and Purification System, is pleased to announce that the British Columbia Securities Commission (the “BCSC”) has partially revoked the cease trade order issued against the Company on April 23, 2015 (the “CTO”) for failing to file certain outstanding continuous disclosure documents in a timely manner.
Quest applied for the partial revocation in order to enter into a binding letter of intent and complete an exempt financing in the amount of $675,000 that will allow it to prepare and file all outstanding continuous disclosure documents with the United States Securities and Exchange Commission (the “SEC”) and the BCSC and pay the associated fees. Once those filings have been completed, the Company expects to apply for a full revocation of the CTO in British Columbia and resume its status as an issuer current in its reporting obligations with the both the SEC and the BCSC.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Quest Water Global, Inc.
Quest Water Global, Inc., and its wholly-owned operating subsidiary Quest Water Solutions Inc., is an innovative water technology company that provides sustainable and environmentally sound solutions to water scarce regions. The Company uses proven technologies to create economically viable products that address the critical shortage of clean drinking water in developing countries. Its goal is to provide an alternative, sustainable source of pure water at the smallest possible environmental cost, while becoming a leading company in providing turn-key solutions using alternative energy for the purification, desalination and distribution of clean drinking water. For more information on Quest visit the company’s website at www.questwatersolutions.com.
Notice Regarding Forward Looking Statements
This press release contains forward-looking statements as that term is defined under applicable securities laws. Statements in this press release, which are not purely historical, are forward-looking statements. These statements are only predictions and involve known and unknown risks which may cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking statements, including: negative results from the Company's field operations; the effects of government regulation on the Company's business; risks associated with the Company's ability to obtain and protect rights to its intellectual property; risks and uncertainties associated with the Company's ability to raise additional capital; loss of management; and other factors beyond the Company's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of such factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers should also refer to the risk factor disclosures and other disclosures outlined in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission on EDGAR at www.sec.gov and with the British Columbia Securities Commission on SEDAR at www.sedar.com.
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