RE: Placing25 May 2017 08:39
the funding use is detailed in the rns:
The Board believes that the Group is ideally positioned to exploit opportunities for further significant growth in both existing and new geographical markets. With this in mind, the Board intends to deploy the proceeds of the Placing:
• To fund AMBC (All Membrane Brine Concentrator) and MSF (Multi-Stage Flash) pre-treatment pilot plants in new territories - to demonstrate the advantages Modern Water's technology can offer to industrial processes and generate demand for future licence sales
• To fund new product development within the Monitoring division
• To expand operations in China and strengthen Modern Water's global sales teams