LiqTech International, Inc. Announces Further Details Regarding Special Offer To Warrant And Option Holders
BALLERUP, Denmark, Sept. 25, 2013 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") announced today additional details regarding the special offer to its warrant and option holders. The board of LiqTech decided that this special offer would be an orderly solution to improve the company's capital structure and be in the best interest for all shareholders. Several of the warrant and option holders have already expressed interest in exercising, including LiqTech's Chairman, Mr. Aldo Petersen. These investors have indicated that they intend to exercise warrants which would result in $3.0 million of new capital. All warrants and/or options that are exercised into shares, as well as the new warrants and/or options issued will all be restricted and have a lock-up period of six months.
We believe the additional capital will improve the Company's ability to list on an exchange as well as fund future growth of the Company including new orders.
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. It also manufactures ceramic silicon carbide kiln furniture. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech's products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. For more information, please visit www.liqtech.com.
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
SOURCE LiqTech International, Inc.