MIDLAND, Texas, May 19 /PRNewswire/ -- STW Resources Holding Corp. ("STW"), a water reclamation company, today announced that it has executed a term sheet to obtain $5 million in funding from Kodiak Capital Group, LLC (Kodiak). The financing with Kodiak is subject to the completion of due diligence, execution of definitive documentation and filing of a registration statement, which must be declared effective.
Upon implementing this financing, STW intends to execute additional phases of its water reclamation projects in the Marcellus Shale. STW has identified potential water reclamation sites to reclaim hydraulic fracturing flowback water, created during the completion of drilling natural gas wells.
In addition, STW is actively pursuing other applications in Pennsylvania, such as reclamation of Acid Mine Drainage Water.
About STW Resources
STW Resources, Inc., Midland, Texas, provides customized water reclamation services. STW's core expertise is an understanding of water chemistry and its application to the analysis and remediation of complex water reclamation projects. STW provides a complete solution throughout all phases of a water reclamation project, including analysis, design, evaluation, implementation and operations. For more information, go to: www.stwresources.com.
About Kodiak Capital Group, LLC
Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets of their long term strategy by providing capital and progressive business solutions. Kodiak manages a portfolio of investments in public and private equities. Founded in 2009, Kodiak has transacted in excess of $250 million in financing for companies across a multitude of industries, including biotechnology, business services, consumer products, defense, healthcare, Internet, manufacturing, medical devices, natural resources, oil and gas, renewable energy and wireless communications. Headquartered in New York City; Kodiak has assisted companies throughout North America and Australia. Website: www.kodiak-capital.com
Investor Relations Contact:
Hayden IR: Brett Maas, Managing Partner (646) 536-7331
Stern & Co.: Richard Stern (212) 888-0044
SOURCE STW Resources Holding Corp.