International Wastewater Systems (IWS:CSE) Investor Paul Bernard Lee Acquires 27.5 Million Shares
Paul Bernard Lee of 180 Swick Rd., Kelowna, B.C., Canada, V1W 4J5, has acquired ownership and control of 27.5 million common shares of International Wastewater Systems Inc. (formerly Amana Copper Ltd.), at a deemed price of 14 cents per common share, pursuant to a share exchange agreement among IWS, International Wastewater Heat Exchange Systems Ltd. (IWHES) and the shareholders of IWHES dated Sept. 4, 2015. The shares were issued to Mr. Lee is exchange for his common shares of IWHES at a ratio of 250,000 common shares of IWS for each common share of IWHES. These securities represent approximately 34 per cent of the issued and outstanding common shares of IWS.
The securities were acquired for investment purposes, and Mr. Lee may acquire further securities of IWS in the future.
The securities were issued under an exemption from the prospectus requirements set out in Section 2.16 of NI 45-106, Prospectus Exemptions.
An early warning report of Mr. Lee containing additional information with respect to his acquisition of common shares of IWS will be filed under IWS’s SEDAR profile within the time permitted by law.
A copy of the early warning report may be obtained by contacting Lynn Mueller, chief executive officer of IWS, at 1-604-219-2838.