\nThe Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the \u201cCompany<\/b>\u201d) today announces, that further to its News Release of July 5, 2021, it has closed a non-brokered private placement financing (the \u201cFinancing<\/b>\u201d) of 4,757,381 subscription receipts (each, a \u201cSubscription Receipt<\/b>\u201d) at a price of US$1.05 per Subscription Receipt for total gross proceeds of US $4,995,250.05.\n<\/p>\n
\n“Alkaline88\u00ae<\/sup> continues to be one of the most prominent growing premium functional waters in the category. Having just reported another record year, the Company could not be better positioned for aggressive growth throughout fiscal 2022 in multiple different sales channels,\u201d said the Alkaline Water Company\u2019s Chairman, Aaron Keay. \u201cLeading this financing alongside Shaquille is not only an honor but an aligned testament to both our beliefs that Alkaline88 is becoming a household name for premium waters and a go-to brand across America.\u201d\n<\/p>\n \n\u201cI only invest in companies I believe in and products that I use. Alkaline88\u00ae<\/sup> checks both boxes,\u201d said Shaquille. \u201cWe\u2019ve got big plans for this company and I\u2019m looking forward to being a key player in its continued success.\u201d\n<\/p>\n \nMr. Keay\u2019s and Shaquille O\u2019Neal\u2019s equal investments of US$1,050,000 in the Financing accounted for over 40% of the gross proceeds of the entire financing. The Company expects to use the proceeds as general working capital and to fund the expansion of production capacity.\n<\/p>\n \n\u201cWe really could not have found a better partner for Alkaline88\u00ae<\/sup> than Shaquille,\u201d said Ricky Wright, President and CEO of The Alkaline Water Company. \u201cI can\u2019t overstate how business-minded he is about the success of this company, and I believe that this investment emphasizes that point even more. We\u2019re absolutely thrilled to have him as the face of our company, but even more so to count him as a business partner.\u201d\n<\/p>\n \nEach Subscription Receipt will entitle the holder to acquire, for no additional consideration, one unit (each, a \u201cUnit<\/b>\u201d) consisting of one common share (each, a \u201cShare<\/b>\u201d) of the Company and one transferable share purchase warrant (each, a \u201cWarrant<\/b>\u201d) upon shareholder approval for the Financing (the \u201cRelease Condition<\/b>\u201d). Each Warrant will entitle the holder thereof to acquire one Share (each, a \u201cWarrant Share<\/b>\u201d) for a period of three years from the date of issuance thereof at a price of US$1.25 per Warrant Share.\n<\/p>\n \nThe Subscription Receipts will be converted into Units on the date the Release Condition is satisfied. The proceeds of the Financing will be held in trust and will not be released to the Company until the Release Condition has been satisfied. If the Release Condition is not satisfied on or before September 30, 2021, the proceeds of the Financing will be returned to subscribers without interest or penalty, and the Subscription Receipts will be cancelled.\n<\/p>\n \nThe proceeds of the Financing are expected to be used to fund the Company\u2019s general working capital and expansion of production capacity.\n<\/p>\n \nNo finder\u2019s fees were paid in connection with the Financing.\n<\/p>\n \nKlutch Financial Corp., a private company wholly owned by Aaron Keay, a director of the Company, was issued 1,000,000 Subscription Receipts under the Financing and Frank Lazaran, a director of the Company, was issued 50,000 Subscription Receipts under the Financing, each of which constitutes a \u201crelated party transaction\u201d within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions<\/i> (\u201cMI 61-101<\/b>\u201d). The issuance to the insiders is exempt from the valuation requirement of MI 61-101 and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Company\u2019s market capitalization.\n<\/p>\n About The Alkaline Water Company:<\/strong><\/p>\n \nFounded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88\u00ae, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88\u00ae delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label \u2018Clean Beverage.\u2019 Quickly being recognized as a growing lifestyle brand, Alkaline88\u00ae launched A88 Infused\u2122 in 2019 to meet consumer demand for flavor-infused products. A88 Infused\u2122 flavored water is available in six unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the Company launched A88 Infused Beverage Division Inc., which includes the Company\u2019s CBD water and flavor-infused water. For the Company\u2019s topical and ingestible offerings, A88 Infused Products Inc. includes the Company\u2019s lab-tested hemp-extract salves, balms, lotions, essential oils, bath salts, powder packs, oil tinctures, capsules, and gummies.\n<\/p>\n \nTo purchase Alkaline88\u00ae<\/sup> and A88 Flavor Infused products online, visit us at www.alkaline88.com<\/a>.\n<\/p>\n \nTo learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com<\/a> or connect with us on Facebook, Twitter, Instagram, or LinkedIn.\n<\/p>\n Notice Regarding Forward-Looking Statements<\/b><\/p>\n \nThis news release contains \u201cforward-looking statements.\u201d Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the following: that the Company will experience aggressive growth throughout fiscal 2022 in multiple different sales channels, and that Alkaline88 will become a household name for premium waters and a go-to brand across America.\n<\/p>\n \nThe material assumptions supporting these forward-looking statements include, among others, that the demand for the Company\u2019s products will continue to significantly grow; that the past production capacity of the Company\u2019s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company\u2019s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company\u2019s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company\u2019s products; and that the Company will be able to obtain additional capital to meet the Company\u2019s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp\/CBD; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company\u2019s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and\/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company\u2019s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company\u2019s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov<\/a>, and on the SEDAR, available at www.sedar.com<\/a>.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210706005165\/en\/<\/a><\/span><\/p>\n The Alkaline Water Company Inc. Media KEYWORDS:<\/b> United States North America Arizona<\/p>\n INDUSTRY KEYWORDS:<\/b> Food\/Beverage Retail<\/p>\n<\/p>\n
\n<\/b>
Richard A. Wright
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President and CEO
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866-242-0240
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investors@thealkalinewaterco.com<\/a><\/p>\n
\n<\/b>
Jessica Starman
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888-461-2233
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jessica@elev8newmedia.com<\/a><\/p>\n
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