MONTREAL,
Nov. 30, 2018 /CNW Telbec/ - On November 30, 2018,
BDC Capital Inc. ("BDC Capital"), a wholly-owned subsidiary
of the Business Development Bank of Canada ("BDC"), purchased
7,228,915 common shares in the capital of H2O
Innovation Inc. (the "Corporation") (TSXV: HEO) at a
price of $0.83 per share, in
connection with a bought-deal private placement by the Corporation
(the "Offering").
Immediately prior to the Offering, BDC did not beneficially own
or have control or direction, directly or indirectly, over any
common shares of the Corporation. Immediately after the Offering,
BDC beneficially owns or has control or direction over, directly or
indirectly, 7,228,915 common shares of the Corporation,
representing approximately 12.93% of the issued and outstanding
common shares of the Corporation.
BDC Capital acquired the 7,228,915 shares for investment
purposes. BDC or BDC Capital may, depending on market and
other conditions and subject to applicable securities regulation,
change its beneficial ownership of (or control or direction over)
the shares and/or other equity, debt or other securities or
instruments (collectively, the "Securities") of the
Corporation, whether in the open market, by privately negotiated
agreements, or otherwise. Any transaction that BDC or BDC Capital
may pursue may be made at any time and from time to time without
prior notice and will depend on a variety of factors, including,
without limitation, the price and availability of the Corporation's
securities, subsequent developments affecting the Corporation, its
business and prospects, other investments and business
opportunities available to BDC or BDC Capital, general industry and
economic conditions, the securities markets in general and other
factors deemed relevant by BDC or BDC Capital, as the case may
be.
This news release is issued under the early warning provisions
of Canadian securities legislation. An early warning report
relating to this transaction will be filed on SEDAR under the
Corporation's profile at www.sedar.com. To obtain a copy of such
report, please contact Joanne
Lajeunesse, Public Affairs, BDC, mediainfo@bdc.ca,
1-844-625-8321.
About BDC
BDC is the only bank devoted exclusively to entrepreneurs.vIt
promotes Canadian entrepreneurship with a focus on small and
medium-sized businesses. With its 123 business centres from
coast to coast, BDC provides businesses in all industries with
financing and advisory services. Its investment arm,
BDC Capital, offers equity, venture capital and flexible
growth and transition capital solutions. BDC is also the first
financial institution in Canada to
receive B Corp certification. To find out more, visit
bdc.ca.
SOURCE Business Development Bank of Canada