GUELPH, Ontario, Feb. 24, 2021 (GLOBE NEWSWIRE) Current Water Technologies Inc. (TSX-V:WATR) (“CWTI” or the “Company”) announces that further to its previous announcement dated February 16, 2021, and subject to regulatory approval and formal documentation, the Company intends to increase the offering of a non-brokered, private placement financing (“Private Placement”) for gross proceeds of up to $1,250,000. The Private Placement will be for up to 25,000,000 Units at a price of $0.05 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Company and a one Share Purchase Warrant (“Warrant”). One Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.07 per Share, which is exercisable for a period of three (3) years from the date of closing. The proceeds of this offering will be used for marketing and manufacturing initiatives, and for general working capital. The priv