Marshall Browning has announced today that they have entered into definitive agreements with H20 Technologies to raise 56 million Euros via the sale of 9.3 million shares of H20 Technologies common stock in a pre-ipo equity financing deal prior to a public listing on either the Nikkei in Japan or the Hang Seng in Hong Kong in the 2nd/3rd quarter of 2010.
Proceeds from the financing will be used primarily for the continuation of development of H20 Technologies advanced carbon nanotube membranes and in preparation for global product commercialization.
H20 Technologies is a Taiwanese company that specialises in advanced water purification processes, primarily in the desalination sector.
