News Column

FilterBoxx Water & Environmental Raises $14.7 Million to Fuel Growth & Innovation

June 28, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Mr. Larry Novachis, Chief Executive Officer at FilterBoxx Water & Environmental Corp. ("FilterBoxx" or "the Corporation") announces the close of a $14.7 million dollar private equity raise with a second tranche to follow.

This financing represents the largest private equity raise for the Company. Mr. Novachis stated, "With this additional capital and the rapidly growing water and wastewater treatment industry, FilterBoxx is uniquely positioned to expand into new and emerging markets and continue to be the leading solution-provider in Alberta. The Company is ready to take things to the next level." FilterBoxx has kicked off a capital build program that will result in a significant expansion to its' already market leading rental fleet with both Camp and Process water assets.

The lead investor for the round is a family office headquartered out of Switzerland with expertise in technology, energy and natural resources. The round also included additional investments from current investors; XPV Capital Corporation and EnerTech Capital. "We are proud to be backed by our new investors and are thankful for the continued support from our existing investors; XPV Capital & EnerTech Capital," comments Mr. Novachis.

The lead investor will join the Board of Directors and will add tremendous value to the team going forward, "We are thrilled to be part of the Company, FilterBoxx has the proven expertise, people and products to really advance within the market place," they commented.

Keywords for this news article include: Investment and Finance.

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Source: Investment Weekly News