PureWave Hydrogen Announces Private Placement

PureWave Hydrogen Corp. (TSXV: PWH) ("PureWave" or the "Company") is pleased to announce a non-brokered private placement of up to 5,000,000 units ("Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $750,000 (the "Offering"). Each Unit will be comprised of one common share, ("Common Share") and one common share purchase warrant of the Company (the "Warrant"). Each Warrant will entitle the holder to purchase one Common Share for a period of 24 months from the closing date of the Offering at an exercise price of $0.25 per share. 

The securities issued under the Offering will be subject to a four-month plus one day hold period from the date of closing. Closing of the Offering is subject to the acceptance of the TSX Venture Exchange. 

Proceeds from the Offering will be used for the evaluation and technical review of strategic and prospective acquisitions of oil weighted properties in conjunction with the requisite due diligence that is expected to generate revenue and cashflow for the Company as well as for general working capital purposes. The Company will also be reviewing certain properties for enhanced oil recovery schemes that have the potential of providing an increase in existing production from wells that have be shut-in for mechanical reasons and/or other field related issues. 

PureWave Hydrogen | www.purewavehydrogen.com