BALLERUP, Denmark, Sept. 24, 2013 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") announced today that it has offered to existing warrant and option holders the opportunity on a one-time basis to exchange their existing securities for new securities. The new securities will have the same exact terms and conditions (including the same maturity date) as the existing securities except the new securities would have an exercise price of $2.70 per share, which is the closing price of the common stock as quoted on the OTCQX as of September 23, 2013. In addition, warrant and option holders will have the ability to exercise only a portion of their existing securities. The new securities would reflect that number of shares equal to the number of shares exercised pursuant to this offer.
The offer by the company may be exercised by warrant and option holders via fax, email or mail, not earlier than Monday, September 30, 2013 and not later than 6:00pm EDT on Friday, October 4, 2013. The company must receive the purchase price in cash, by check or wire transfer of immediately available funds no later than 6:00pm EDT on Wednesday, October 9, 2013, unless otherwise agreed to by the Company in writing.
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.