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.
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