Dominion Water Reserves Corp. announced a non-brokered private placement of 6,250,000 units at a price of CAD 0.08 per unit for gross proceeds CAD 500,000 on May 2, 2022. Each unit will consist of one common share of the company and one fourth Share purchase warrant, each warrant exercisable into one common share of the company for a period of 24 months from the closing date at an exercise price of CAD 0.15.

All securities issued in respect of the Private Placement will be subject to a hold period of four months and a day from closing of the transaction. The Private Placement is subject to certain conditions, including but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the CSE.