Dominion Water Reserves Corp. announced a non-brokered private placement of gross proceeds of up to CAD 3,350,000 on July 5, 2022. Each Unit is comprised of 1,250 common shares in the capital of the company and 125 share purchase warrants.

Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of CAD 0.10 per Share. 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 each tranche of the Private Placement in accordance with the applicable securities laws. 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 Canadian Stock Exchange.